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Concerns about the Trade negotiations between the United States and China Oil prices drop in first trade, but market changed direction after signs of progress in negotiations between the two countriesThe rise of stock markets.
US President Donald Trump said Negotiations with China Is well and indicates that he is ready to extend the deadline for completion beyond March 1, scheduled date for the visit of US customs duties on imports from China of a value $ 200 billion, from 10% to 25%.
Brent crude
Pink US Reference Ore Contracts West Texas Intermediate was 83 cents, or 1.48%, to settle at $ 56.92 a barrel.
Saudi Energy Minister, Khalid al-Faleh, said he hoped the oil market would be balanced by April and that there would be a deficit of $ 1.99 billion. supply because of sanctions imposed by the United States on Iran and Venezuela.
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Concerns over the US-China trade negotiations helped push down oil prices early in the negotiations, but the market changed direction after signs of progress in the negotiations between the two countries and the US. rising stock markets.
US President Donald Trump said negotiations with China were going well and that he was willing to extend the deadline beyond March 1, when US tariffs on imports from China would reach $ 200 billion, from 10% to 25%.
Brent crude
US crude WTI rose 83 cents, or 1.48%, to $ 56.92 a barrel.
Saudi Energy Minister, Khalid al-Faleh, said he hoped the oil market would be balanced by April and that there would be a deficit of $ 1.99 billion. supply because of sanctions imposed by the United States on Iran and Venezuela.
