Oil prices are moderate on Thursday
gone up. A preliminary containment of the
Trade conflicts between the United States and China referenced. Last
a barrel (159 liters) of the North Sea variety Brent cost 64.56
U.S. dollar. That was 55 cents more than on Wednesday. The price for
American crude oil of the WTI variety rose by 66 cents to 58.47
Dollar.
The signing on Wednesday caused the price to rise
a first trade agreement between the United States and China. On the one hand
this raises hope that the global economy and oil demand
will grow somewhat stronger again. Second, China has
assured more American crude oil and oil products like gasoline too
to buy.
Commodities expert Eugen Weinberg from Commerzbank showed up
the impact of the US-China agreement, however
cautious. “It remains to be seen whether the agreement is actually so
will be implemented as agreed, “said Weinberg, pointing out
that China is currently still tariffs on imports of US crude oil
demand five percent.
By midweek, crude oil prices were still under pressure
after the US Department of Energy saw a sharp surge in
had reported nationwide reserves of gasoline and diesel. Moreover
The agency said that American oil production was on one
new record level has risen. The production boom is going above all
on the controversial fracking technology. / bgf / jsl / he
AXC0283 2020-01-16 / 17:34
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