Oil prices fall as market awaits G20, OPEC meeting

SEOUL: Oil prices eased on Friday in a cautious market, as traders eyed a scheduled meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the G20 summit and next week's OPEC meeting.AdvertisementU.S. West Texas Intermediate crude futures were down 40 cents, or 0.7per cent, at US$59.03 a barrel.

A trade dispute between the world's two biggest economies has weighed on oil prices, fanning fears that slowing economic growth could dent demand for the commodity. "Even if U.S.-China trade talks turn positive, we think OPEC will extend the current production cuts until the end of the year. However, deeper cuts look unlikely, given the rising supply issues," ANZ said.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Oil shares outperform on flat day for US stocksNEW YORK: Petroleum-linked shares rallied on Wednesday (Jun 26) while pharma companies were under pressure as Wall Street stocks finished the ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Oil and bitcoin blaze higher, European stocks subduedLONDON: Oil prices and bitcoin shot higher on Wednesday (Jun 26), while European stocks were subdued ahead of crucial China-US trade talks. Gold ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »