Crude Oil Prices Drift Lower Despite US-China Trade Hopes

The deal could pull tight control from antitrust authorities. Shanghai opened the first gold selection contract over the surface for the remaining week. Shanghai opened its first gold options contract at the end of last week.

All the way through every precious metals bull and subject to markets, gold stocks outperform gold in every instruction. Investors also expressed sentiment over geopolitical tensions to improve inclusion in North Korea. Some investors are clearly inclined to take profit for the vacation as markets thin out. They observe the situation in Hong Kong, where pro-democracy candidates won the majority of seats in a local district election Sunday. She shrugged as President Trump postponed a hike tariff last week. By Aaron Sheldrick TOKYO (Reuters) Oil futures were mixed on Monday, with US crude trimmings lower, than investors and traders talk about global economic growth prospects amid a deadlock in Chinese-US trade talks. In any case, gold benefits from investors’ doubts of risky assets like withered stocks, with US market direction missing due to the break thanksgiving.

The key story supporting the market and driving the price action is the OPEC-led production cuts. The latest trade news is broadly positive with U.S. President Donald Trump said over the weekend that he had a constructive call with his Chinese peer Xi Jinping. The report from the Organization of the Petroleum Exporting Countries was bullish.

The markets sour mood is characterized by the fact that it will begin surrendering after a start amid hopes of a breakthrough in the US-China trade talks. Growing trade tensions have worried investors, with concerns about a global trade war feeding in increased volatility in the stock market in recent months. As tensions in US-China trade have eased somewhat, you can see trades showing marginal improvements in reporting.

Supply disruptions in Libya, as well as production delays in Venezuela and impending U.S. sanctions on crude oil sales from Iran have added further upward pressure on global oil prices, even with a weekend tweet by the president suggesting Saudi Arabia is ready to stop spending otherwise the bullish tone of the market. The result may not be market friendly as it sets Carrie Lam to challenge leadership and bring political uncertainty. US economic data on results have underperformed compared to baseline forecasts in recent months broadly.

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