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Crude Oil Prices Steady at Start of Week

From fxempire.com

Crude oil has reversed directions on Monday and has posted slight gains. In the North American session, West Texas Intermediate crude oil futures are trading at $57.30, down $0.57 or 0.98%. Brent crude oil futures are trading at $62.76, up $0.68 or 1.07%. The trade war between the U.S. and China has taken a toll on both economies, which has dampened global economic conditions. There have been recent reports that the sides are close to an interim agreement, but one key stumbling block is China’s insistence that the U.S. must first remove all trade tariffs. Still, there is optimism in the markets that the trade talks ... (full story)

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  • Category: Technical Analysis