Oil Prices Fall As Market Eyes Trade War Oil prices fell on Tuesday as the ongoing U.S.-China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging
Oil prices fell on Tuesday as the ongoing U.S.-China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging markets and a rise in OPEC output.U.S. crude CLc1 was down 26 cents, or 0.5 per cent, at 54.84 dollars a barrel by 0644 GMT, while Brent LCOc1 was down 6 cents at 58.60 dollars a barrel.The U.S.
A move on Sunday by Argentina to impose capital controls is also casting a spotlight on emerging market risks. Output from the OPEC rose in August for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by top Saudi Arabia and losses caused by U.S. sanctions on Iran. OPEC’s share of the cut is 800,000 bpd, to be delivered by 11 members and exempting Iran, Libya and Venezuela.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices fall as market eyes trade warOil prices fell on Tuesday as the ongoing U.S.-China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging markets and a rise in OPEC output.
Read more »
Oil Prices Fall As Market Eyes Trade War, Stocks DataOil Prices Fall As Market Eyes Trade War, Stocks Data Oil prices fell on Tuesday as the ongoing U.S.-China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging
Read more »
Loss of 76 oil wells to A’Ibom: Ayade, Duke want political solution – Daily TrustGovernor Ben Ayade of Cross River State and a former governor, Mr Donald Duke, have separately called on the Federal Government to proffer political solution over the 76 oil wells lost to Akwa Ibom State. The call came as a result of the economic crunch impacting Cross River State, following steady fall in federal allocations …
Read more »