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High oil prices thanks to stimulus hopes and trade

rocky
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High oil prices thanks to stimulus hopes and trade Empty High oil prices thanks to stimulus hopes and trade

Post by rocky on Tue 20 Aug 2019, 3:30 am


High oil prices thanks to stimulus hopes and trade

10:57 - 20/08/2019



High oil prices thanks to stimulus hopes and trade 56727-oil_4-696x463
Information / Baghdad ..
Oil prices rose on Tuesday on optimism over easing trade tensions between the United States and China and hopes that major economies will adopt stimulus measures to stave off a possible economic slowdown that could hurt oil demand.
Brent crude rose 8 cents to $ 59.82 a barrel after gaining 1.88% on Monday, and US crude rose 9 cents to 56.30 dollars a barrel after rising 2.44% in the previous session.
Crude prices supported the bullishness of equities around the world with growing expectations that global economies will move to counter slowing growth.
A Reuters poll of seven analysts found crude oil inventories in the United States expected to fall by 1.9 million barrels in the week ending Aug. 19.



    Current date/time is Thu 14 Nov 2019, 1:18 am