- Write by:
-
Thursday, August 9, 2018 - 5:15:16 PM
-
993 Visit
-
Print
Mining News Pro - Brent crude per barrel today rose 24 cents to $ 72 and 52 cents. Brent`s oil price dropped more than 3 percent yesterday.
According to Mining News Pro - While the intensification of trade tensions between the US and China and the decline in China`s oil imports in the last meeting caused a sharp drop in oil prices, prices rose today.
Brent crude prices rose by 24 cents to $ 72 and $ 52 a barrel today, according to the report. Brent`s oil price dropped more than 3 percent yesterday.
The US crude price fell to $ 67 and $ 2 a barrel today, after a 3.22 percent decline in the previous session.
China has a 25 percent tariff for more than $ 16 billion in American products from fuel and steel products to cars and medical equipment.
The intensification of the US-China trade war has raised concern for global markets and investors are worried that the slowdown of growth in the world`s two major economies will reduce demand for commodities such as crude oil.
China`s oil imports slightly increased in July after two consecutive monthly reductions, but this is still the lowest figure for China`s oil imports this year.
China, the world`s largest oil importer, shipped 8.48 million barrels a day last month, up 8.18 million barrels a year earlier and 8.36 million barrels in June.
Part of the rise in oil prices stemming from US sanctions against Iran is the third largest OPEC oil producer. The sanctions will not directly target Iran`s oil exports until November, but Tramp said it wants countries to bring their oil imports from Iran as close as possible to zero.
Short Link:
https://www.miningnews.ir/En/News/234190
Mining News Pro - With the brent crude oil price continuing to rise in November, following reports of a second highly ...
Mining News Pro - South African petrochemicals group Sasol reported an annual loss on Monday, hit by a writedown of ...
Mining News Pro - Indian miner Vedanta Ltd reported a net loss of 125.2 billion rupees ($1.7 billion) for the fourth ...
Mining News Pro - Hanzelle Kleeman was all set to head home to Houston until the oil crash upended her plans for the ...
Mining News Pro - Oil and gas major Oil Search has completed the retail component of it’s A$400-million entitlement ...
Mining News Pro - Oil and gas major Woodside has warned shareholders that the low oil price environment could persist ...
Mining News Pro - Oil rose after the US reported the biggest jump in gasoline demand since last year, offering a glimmer ...
Mining News Pro - Oil and gas major Santos has reported a 14% drop in revenue for the three months to March, as both ...
Mining News Pro - Oil futures collapsed to below zero for the first time ever as the deepening economic turmoil caused ...
No comments have been posted yet ...