WTI
US cruil oil
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81.97
-0.21
(-0.26%)
Prices By FOLLOWME , in USD
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Statistics
LOW
HIGH
81.92
82.19
1W
+1.80%
1 MO
+5.21%
3 MO
+14.55%
6 MO
-8.88%
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Oil slips as U.S.-China friction, rising virus cases weigh on markets
© Reuters. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary
By Florence Tan
SINGAPORE (Reuters) - Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets.
Brent crude (LCOc1) dipped 8 cents,
Energy sector: Rising demand lifting crude oil prices higher
Trading Catalyst• Demand for crude oil is expected to improve over the foreseeable future, backed by the positive streak of China’s economic data that suggest the world’s biggest oil consumer may ramp up their purchases.• Iraq’s move to pledge their support by cutting additional 40,000 barrels/day m
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