6 hours agoOil prices rise after Trump dealt
Periskopi(a year ago)
(a year ago)Oil prices rose by more than 1 percent Thursday, returning from the fall of the day before after reports that Chinese President Xi Jinping spoke to American President Donald Trump on the phone. Chinese news agency “Xinhua” reported that the talks were held at Trump's request, [...]
Chinese news agency “Xinhua” has reported that the talks were held at Trump's request, without offering additional details on the two leaders' conversation.
The 1% price decrease occurred on Wednesday, after official data showed that US gas and design reserves increased more than expected, reflecting the lack of demand in the world's largest economy, Koha.net writes.
“Geopolitical trends and fires in Canada, which threaten to reduce oil production, are providing support for prices, despite a over-forned market in the second half of the expected production year of OPEC+”, the analyst has said PVM, Tamas Varga.
Meanwhile, Saudi Arabia, the world's largest oil exporter, cut the July prices for Asian crude oil buyers to almost the lowest level in two months. /Periscope/
