Oil rises more than 2% on firm yuan, expectations of more OPEC cuts

Oil rises more than 2% on firm yuan, expectations of more OPEC cuts
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

13.08.2019

MOSCOW (MRC) -- Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions, said Hydrocarbonprocessing.Brent crude ended the session up USD1.15, or 2.1%, at USD57.38 a barrel, after hitting a session high of USD58.01. U.S.

Full article at mrcplast.com

Back

news