Oil prices slid on Thursday as hopes faded for any significant progress in U.S.-...
FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken December 7, 2018. REUTERS/Stringer
Global benchmark Brent crude futures LCOc1 fell 26 cents, or 0.5%, to $58.05 a barrel by 0133 GMT, while U.S. West Texas Intermediate crude CLc1 was at $52.38 per barrel, down 21 cents, a 0.4% drop. U.S. President Donald Trump expressed optimism on Wednesday, saying there was a very good chance the two sides will reach a trade agreement. But with high-level trade discussions set to start later on Thursday, the South China Morning Post reported the pair had made no progress in preliminary, lower-level talks.
“Traders likely have their finger to the wind trying to gauge the intensity of the latest headwinds but at minimum prices could be capped until the markets get some type of favorable headline tailwind at least,” Innes said
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Newest U.S. Airport Will Open Thursday In A North Dakota Oil BoomtownThe old airport in Williston, North Dakota, had a flawed runway 90 feet higher at one end than the other, limiting the size of planes that could use it and forcing authorities to bump some passengers to lighten planes during bad weather.
Read more »
The Newest U.S. Airport Will Open Thursday In A North Dakota Oil BoomtownThe old airport in Williston, North Dakota, had a flawed runway 90 feet higher at one end than the other, limiting the size of planes that could use it and forcing authorities to bump some passengers to lighten planes during bad weather.
Read more »
Oil falls on concerns over U.S.-China trade talksOil prices fell on Tuesday as Washington's blacklisting of more Chinese com...
Read more »
Oil ends slightly lower as expectations fade for progress in U.S.-China trade talksOil futures ended slightly lower Tuesday as optimism faded over prospects for progress in high-level U.S.-China trade talks set for later this week. West...
Read more »
Oil prices extend slide to third straight day, U.S.-China trade doubts growOil prices slipped for a third consecutive session on Wednesday as the prospect ...
Read more »
Oil prices dip for third day as U.S.-China trade doubts growOil prices slipped for a third consecutive session on Wednesday as tensions esca...
Read more »