Oil Prices Fall As Trade War Concerns Hit Demand Outlook




Oil prices fell on Monday on renewed global economic growth concerns after US President Donald Trump threatened to escalate a trade war with China with more tariffs, which could limit fuel demand in the world's two biggest crude consumers
Brent crude futures were down US71 cents, or 1.15 percent, to US$61.18 per barrel by 0840 GMT
US West Texas Intermediate (WTI) crude futures were also down US71 cents, or 1.28 percent, to US$54.95 a barrel
"One man, one tweet. That's all it took for oil prices to suffer their steepest daily decline in several years," PVM Oil Associates analyst Stephen Brennock said of Trump
Both crude benchmarks fell last week, with Brent down 2.5 percent and US crude falling 1 percent, after plummeting by more than 7 percent on Thursday after Trump's tweet to the lowest level in about seven weeks."The scene is set for a ramped trade war between both sides. The prospect of an escalating US-China trade war will do no favours for the shaky global economic outlook."Asian equity markets dropped to a six-month low on Monday while gold prices climbed as investors sought safe-haven assets
Trump last week said he would impose a 10 percent tariff on US $300 billion of Chinese imports starting on Sept. 1 and said he could raise duties further if China's President Xi Jinping failed to move more quickly towards a trade deal
The announcement extends US tariffs to nearly all imported Chinese products. China on Friday vowed to fight back against Trump's decision, a move that ended a month-long trade truce
On Monday, China let the yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade, in a sign Beijing may tolerate further currency weakness because of the trade dispute
A lower yuan would raise the cost of dollar-denominated oil imports in China, the world's biggest crude oil importer
Signs of rising oil exports from the United States also pressured prices on Monday. US shipments surged by 260,000 barrels per day (bpd) in June to a monthly record of 3.16 million bpd, US Census Bureau data showed on Friday
The US weekly oil rig count, an indicator of future production, fell for a fifth week in a row as most independent producers cut spending, even though majors were still pushing ahead with investments in new drilling
Iran's seizure of an Iraqi oil tanker raised some concerns about potential Middle East supply disruptions in the Gulf, with Iranian state media reporting on Sunday that its Iranian Revolutionary Guards seized the ship for smuggling fuel
- Reuters

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://feedproxy.google.com/~r/MalaysiansMustKnowTheTruth/~3/Wkf_-oZTnAA/oil-prices-fall-as-trade-war-concerns.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Malaysian Stock Market Resilient Amidst Us China Trade Spat

Malaysian Stock Market Resilient Amidst Us China Trade Spat

papar berkaitan - pada 31/7/2019 - jumlah : 219 hits
Ng Chze How KUCHING The Malaysian stock market is expected to show resilience and could outperform relative to regional peers given its defensive trade and year to date laggard performance Amid the prevailing global uncertainties caused by ...
Bri New York Agency Selenggarakan Us Cotton Special Trade Mission From Indonesia

Bri New York Agency Selenggarakan Us Cotton Special Trade Mission From Indonesia

papar berkaitan - pada 30/7/2019 - jumlah : 159 hits
General Manager BRI New York Agency Tri Hartono mengungkapkan bahwa kegiatan tersebut merupakan salah satu wujud peran aktif Bank BRI dalam mendukung program pemerintah RI untuk memacu pertumbuhan ekspor khususnya di sektor non migas
Dr Mahathir To Discuss Defence Trade Issues With Erdogan During Working Trip To Turkey

Dr Mahathir To Discuss Defence Trade Issues With Erdogan During Working Trip To Turkey

papar berkaitan - pada 24/7/2019 - jumlah : 259 hits
ANKARA International relations defence trade and investment are among issues which Prime Minister Tun Dr Mahathir Mohamad will discuss with President Recep Tayyip Erdogan during his visit to Turkey starting Wednesday Malaysian Ambassador to...
Us China To Hold More Trade Talks After Constructive Meeting

Us China To Hold More Trade Talks After Constructive Meeting

papar berkaitan - pada 1/8/2019 - jumlah : 238 hits
Trump had previously accused China of reneging on its commitments when talks broke down in May and his tweets sent hopes of reconciliation tumbling AFP Photo SHANGHAI US and Chinese negotiators agreed to meet again in the United States in S...
It Was The Week Trade Wars Went From Uncomfortable To Scary

It Was The Week Trade Wars Went From Uncomfortable To Scary

papar berkaitan - pada 5/8/2019 - jumlah : 208 hits
It s been a week of trade pain that changes a lot about the global economic outlook President Donald Trump s threat Thursday to put 10 tariffs on the remaining 300 billion of Chinese imports that aren t subject to his existing levies sent m...
55 Students Fall Sick After Lunch At Penang Polytechnic

55 Students Fall Sick After Lunch At Penang Polytechnic

papar berkaitan - pada 25/7/2019 - jumlah : 246 hits
The students earlier attending a lecture hosted by the Election Commission at the polytechnic s auditorium this morning GEORGE TOWN A total of 55 students from the Balik Pulau Polytechnic here were rushed to hospital suspected of food poiso...
Trump Says Us Not Ready To Make Trade Deal With China

Trump Says Us Not Ready To Make Trade Deal With China

papar berkaitan - pada 10/8/2019 - jumlah : 213 hits
US President Donald Trump gestures as he speaks to the press on the South Lawn of the White House before departing in Washington DC on Aug 9 2019 AFP Photo President Donald Trump said Friday he was not ready to finalize a trade deal with Be...
Uob Malaysia Collab With Trade Associations To Help Sabah Biz

Uob Malaysia Collab With Trade Associations To Help Sabah Biz

papar berkaitan - pada 6/8/2019 - jumlah : 310 hits
Malaysia China Chamber of Commerce president Michael Chin Sabah China Chamber of Commerce president Datuk Frankie Liew Foo Ng UOB Malaysia executive director and head of commercial banking II Beh Wee Khee and Mohd Fhauzi during the
Nilai Kereta Trade In Siapa Tentukan

Nilai Kereta Trade In Siapa Tentukan

papar berkaitan - pada 23/7/2019 - jumlah : 320 hits
Disebabkan ada individu yang bertanya siapakah yang tentukan nilai sesebuah kereta trade in Jadi dalam posting ini kami akan huraikan mengikut kaji selidik dan kefahaman dari beberapa sumber Korang semua pasti sudah tahu kenderaan mempunyai...
Pengalaman Menambah Nilai Kad Touch N Go Di Caring Pharmacy

Oriental Kopi Klcc Port Minum Kopi Terbaru

Pasar Raya Flagship Jaya Grocer Di Sunway Pyramid Tarik Pengunjung Dengan Penampilan Serba Baharu

U Mobile The New Ali Baba Contractor For The Second 5g Network Tender

Rachel Zegler S Legs And Feet In Tights 6

The Celebrity Legs And Feet In Tights 2024 Pantyhose Queen Poll Full Contender List

Panas Artis Wanita Malaysia Ditahan Polis Thailand Turut Ditemukan 6 000 Biji Pil Kuda

Projek Tebatan Banjir S Ngor Gagal Rugi Besar


echo '';
Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council

Anugerah Seri Angkasa 2024 Senarai Keputusan Pemenang Calon Top 5 Kategori Hadiah Persembahan Penyampai Trofi Dan Segala Info ASA 36


Larangan Menjalinkan Hubungan Sulit Dengan Suami Isteri Orang

12 Cawangan Ahmad S Fried Chicken Yang Semakin Mengganas Di Pasaran

Drama One Cent Thief 2

Jadual Tarikh Pembayaran Pencen Tahun 2025

Biodata Vivy Yusof Usahawan Ikon Fesyen Malaysia

Gantung Jawatankuasa Bersatu Bahagian Bentong Bendahari Bersama 40 Ahli Umum Keluar Parti