Oil Down on Back of Possible U.S. Trade Sanctions Against China Updated By ( Duke Calls)

Oil was down on Friday morning in Asia, giving up some of its gains from the previous session.

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Oil prices fall as U.S. fuel demand remains weak Updated By (Spider Signals)

Oil prices edged lower on Friday after U.S. inventory data showed lacklustre fuel demand in the world’s largest oil consumer while worsening U.S.-China tensions weighed on global financial markets.

© Reuters. An oil pump is seen just after sunset outside Saint-Fiacre

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OIL NEWS UPDATED BY (DUKE CALLS)

Oil prices slid for a second consecutive session on Thursday as U.S. industry data showed a steep and surprising build-up in crude stockpiles, dampening hopes of a smooth demand recovery as the world begins to ease its way out of coronavirus lockdowns.

© Reuters. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary

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Gold was down in Wednesday morning in Asia, as even t he safe-haven asset was infected by the mounting U.S.-China tensions.Relations between the U.S. and China soured during the previous week as China tabled national security laws for Hong Kong and Macau.U.S. President Donald Trump is due to reveal the U.S.’ response to the legislation before the end of the week.

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Oil prices rise on supply cut hopes, easing of coronavirus lockdowns Updated By (Spider Signals)

Oil prices climbed on Tuesday, boosted by increasing faith in the market that producers will to stick to commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns are eased around the world.

© Reuters. FILE PHOTO: The sun sets behind a pump-jack outside Saint-Fiacre

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