Oil surges on US-China trade optimism

Oil surges on US-China trade optimism

US oil futures have closed out May with record monthly gains, on hopes that the US-China trade deal would remain intact and on falling crude production. West Texas Intermediate crude futures for July delivery settled at $US35.49 a barrel, jumping $US1.78, or 5.3 per...
Oil surges on US-China trade optimism

ASX to fall in uncertain start to trade

Investors appear set to suffer losses at the start of the trading week in Australia as one economist wondered whether the market could consolidate after a string of gains. The SPI 200 futures contract was lower by 24 points, or 0.42 per cent, to 5,725.0 at 0700 AEST...
Oil surges on US-China trade optimism

Wall St ends mostly up as trade fears ease

US stocks have finished mostly higher after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the US economy than investors had feared. The Dow ended the session slightly lower, but all three...
Oil surges on US-China trade optimism

US shares open flat amid trade tensions

The S&P 500 index has opened largely unchanged as growing US-China trade tensions and concerns about a rebound from a coronavirus-led economic slump were offset by an upbeat outlook from retailer TJX. The discount chain’s shares jumped 7.6 per cent to a more...
Oil surges on US-China trade optimism

Wall Street retreats amid trade tensions

US stocks have dropped as signs of deteriorating trade relations between the United States and China added to economic worries due to the coronavirus pandemic. US President Donald Trump’s administration moved to block semiconductor shipments to Huawei...