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Crude Oil Prices Wilt, Focus to Stay on US-China Trade News

From dailyfx.com

Crude oil prices slipped back a little Friday as investors fretted the details of the latest twist in the US-China trade tale. Headlines on this subject will remain crucial as the week bows out, especially as scheduled economic data are limited. Global market sentiment had been lifted in the previous session by a China’s Commerce Ministry. Its spokesman Gao Feng said that both Beijing and Washington had agreed to simultaneously remove some trade tariffs as steps toward a ‘phase one’ trade agreement. However, while Reuters confirmed this from the US side quoting an unnamed official, the agency went on to report that ... (full story)

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  • Category: Fundamental Analysis