Oil resists in the hope of easing trade tensions



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Pink ore Brent 29 cents, or 0.5%, to settle at $ 60.03 a barrel and US crude rose 13 cents to $ 56.34 a barrel.

US crude fell after the close after US President Donald Trump declared that he was not ready to conclude a trade deal with China.

The United States said it would extend an exemption allowing the company Huawei Chinese Technologies has bought components from US companies, which has quietly eased the trade dispute between the two largest economies in the world.

John Kildof said of Agen Capital in New York "It is the wave of the US-China trade war and hopes of economic recovery dominate these markets, including fiscal stimulus by the Germans."

Concerns remain about the general level of demand for Oil Crude prices weigh heavily. The Organization of the Petroleum Exporting Countries lowered its forecasts for growth in global demand Oil In 2019, 40,000 barrels per day to 1.10 million barrels per day and indicated that the market will see a slight surplus in 2020.

I found prices Oil Some have endorsed the recovery of global stock markets amid rising expectations that global economies will take steps to slow growth.

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Brent rose 29 cents, or 0.5%, to $ 60.03 a barrel, and US crude rose 13 cents to $ 56.34 a barrel.

US crude fell after the close, after US President Donald Trump said he was not ready for a trade deal with China.

The United States announced that it would expand the exemption allowing Chinese Huawei Technologies to buy components from US companies, which would slightly ease the trade dispute between the two largest economies in the world.

"This is the wave of the US-China trade war and hopes of economic recovery dominate these markets, including the financial revival of the Germans," said John Kildof of Agen Capital in New York.

Concerns remain about the general level of demand for Oil Crude prices weigh heavily. The Organization of the Petroleum Exporting Countries lowered its forecasts for growth in global demand Oil In 2019, 40,000 barrels per day to 1.10 million barrels per day and indicated that the market will see a slight surplus in 2020.

I found prices Oil Some have endorsed the recovery of global stock markets amid rising expectations that global economies will take steps to slow growth.

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