Oil loses ground on little development in US-China trade deal
Brent crude slides 0.3% as concerns grow about a supply glut in 2020
08 November 2019 - 07:52
Tokyo — Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the US and China will agree a long-awaited deal to end their bitter trade dispute, the gloom compounded by rising crude inventories in the US.
Brent crude, the global benchmark, was down 16c, or 0.3%, at $62.13 (R916) a barrel by 2.59am GMT, after gaining 0.9% in the previous session...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.