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

US shares dip on US-China tensions

The S&P 500 and Dow have slipped as investors were nervous ahead of a US response to China’s national security law on Hong Kong that threatens to take the shine off another month of strong gains for the stock market. US President Donald Trump, who has warned...
Oil surges on US-China trade optimism

ASX set to open lower on US-China tension

Sharemarket investors can expect the ASX to open lower after fears in US markets overnight about rising US-China tensions. The SPI 200 futures contract was lower by 20 points, or 0.34 per cent, to 5,836.0 at 0705 AEST on Friday, indicating losses in early trade. In...
Oil surges on US-China trade optimism

Oil slides on US-China tensions

Oil futures tumbled overnight after US President Donald Trump said he was working on a strong response to China’s proposed security law in Hong Kong and as some traders doubted Russia’s commitment to deep production cuts. Russian President Vladimir Putin...
Oil surges on US-China trade optimism

Copper drops on renewed US-China tensions

Copper prices are lower on worries that renewed US-Chinese tensions will further damage a global economy already hit by the COVID-19 pandemic. Stock markets and oil also fell as investors feared the prospect of more protests in Hong Kong over tough new security laws...