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SINGAPORE: Oil prices hovered around three-month highs on Monday following a higher-than-expected crude inventory drawdown and optimism over an expected U.S-China trade deal, while traders kept a close eye on Middle East unrest.
SINGAPORE: Oil held gains near the highest level in more than three months on indications of shrinking US crude stockpiles and optimism in the global economic outlook.
Geopolitical tensions, trade disputes, global macro-economic concerns, and OPEC+ production strategy were themes that dominated oil market sentiment in 2019.
TOKYO: Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in the world's no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing.
Govt and oil producers benefit, but the people will be burdened by more expensive fuel
HOUSTON: Oil prices are likely to remain in check during 2020 as Opec+ production cuts are offset by higher output from other countries and a mixed outlook for demand, according to analysts.
TOKYO: Oil prices edged higher on Tuesday after Russia's energy minister, Alexander Novak, said cooperation with OPEC on supporting the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories.
KUALA LUMPUR: The ringgit reversed its downtrend to open higher against the US dollar today, spurred by fresh buying interest for the local note, amid the stagnant greenback, said a dealer.
HOUSTON: Oil prices reached the highest level in three months in thin pre-Christmas trading on Thursday, buoyed by the previous day's news that U.S. crude inventories declined and as U.S.-China trade tensions continued to ease.
Global equity markets extended a year-end rally on Thursday that has pushed U.S. and world stock benchmarks to record highs, while bond yields in Europe rose after Sweden stopped five years of negative interest rates, signaling the end of a sub-zero era.