Oil prices rose on Thursday, recouping some of the heavy losses in the previous ...
TOKYO - Oil prices rose on Thursday, recouping some of the heavy losses in the previous session, on signs of easing trade tensions between Washington and Beijing and a fall in U.S. crude stockpiles to their lowest in nearly a year.
The rise came after China moved to exempt some U.S. anti-cancer drugs and other goods from tariffs and U.S. President Donald Trump announced a delay to scheduled tariff hikes on billions of dollars’ worth of Chinese goods. That said, “further rallies in Asia look limited today” ahead of the European Central Bank rate review, he said.The price rise on Thursday came after both of the principal global benchmarks fell sharply on the previous day following a report that President Trump had weighed easing sanctions on Iran, a move that would potentially boost global crude supply.
Crude inventories USOILC=ECI fell for a fourth week, falling 6.9 million barrels in the week to Sept. 6 - more than double analysts’ expectations of a 2.7 million-barrel drawdown.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil rises as U.S., China swap concessions in trade war, inventories fallOil prices jumped on Thursday, bouncing back from heavy losses in the previous s...
Read more »
Oil gains after draw in U.S. inventoriesOil prices rose on Wednesday after a reported sharp drop in U.S. crude stocks as...
Read more »
Trump’s Cheese, Wine, Olive-Oil Tariffs May Be His Most Normal Trade PolicyPresident Trump's strategy of threatening tariffs on wine and cheese may be his most normal trade policy. jbarro writes
Read more »
T. Boone Pickens, the 'Oracle of Oil,' Republican donor, and billionaire philanthropist, dies at 91The businessman profited from several buyout efforts as his Mesa Petroleum business looked to expand its footprint through the 1980s.
Read more »
Oil Billionaire T. Boone Pickens Dead at 91The oil billionaire has pledged to leave 90% of his net worth to charity ...
Read more »