The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

Oil climbs as Huawei sanctions delay offers sign of trade war truce

Pubdate:2019-08-20 11:01 Source:liyanping Click:

NEW YORK (Bloomberg) - Oil climbed as the U.S. delayed sanctions against Huawei Technologies, offering a hint of progress in its trade war with China, and a drone attack in Saudi Arabia highlighted simmering Middle East tensions.

Futures jumped 2.4% to top $56/bbl in New York on Monday. The U.S. will extend exemptions for customers of the Chinese telecom giant for another 90 days, Commerce Secretary Wilbur Ross said. The move comes a week after President Donald Trump delayed new tariffs on some consumer goods until mid-December.

Meanwhile, the drone strike by Yemeni rebels on the Shaybah field in Saudi Arabia, the source of about 1 MMbpd, was a reminder of the continuing threats in the heart of global crude production. The attack sparked only a small fire and no disruption to output, Saudi Arabian Oil Co. said in a statement.

Crude has fallen about 15% from a late April peak as the U.S.-China trade spat intensified, casting a pall over an already-weak outlook for global growth. While a series of attacks on tankers and energy facilities in the Middle East have provided some temporary support to prices, oversupply remains a key concern.

The Huawei decision “implies that Trump has had enough and he now realizes this is capable of drilling the global economy into the gutter,” said Bob Yawger, futures director at Mizuho Securities USA in New York. “Speculators are jumping in and pushing oil along with every other risk asset.”

Investors got another bullish sign Monday from a report that Germany was preparing fiscal stimulus to head off the chances of a deep recession in Europe’s largest economy.

West Texas Intermediate crude for September delivery settled $1.34 higher at $56.21/bbl on New York Mercantile Exchange. The contract will expire Tuesday. The more active October contract rose $1.33 to $56.14/bbl.

Brent for October settlement increased $1.10 to $59.74 on the ICE Futures Europe Exchange. The global benchmark traded at a premium of $3.60/bbl to WTI for the same month, close to the smallest gap since March 2018.

Recent phone calls between U.S. and Chinese trade negotiators had been “positive” and more conferences are planned over the next week to 10 days, Larry Kudlow, the White House economic director, said on Sunday.

主站蜘蛛池模板: 成人观看天堂在线影片| 美女毛片在线看| 最新亚洲人成无码网www电影| 国产精品一区电影| 亚洲另类激情专区小说图片| 4480yy私人影院亚洲| 欧美日韩中文国产一区| 日韩精品免费一区二区三区| 国产欧美日韩精品专区| 乱人伦中文视频在线观看免费| 日本亚洲黄色片| 欧美高清在线精品一区| 国产精品美女久久久久AV福利 | 99国产精品99久久久久久| 特级毛片www| 国产精品第一区第27页| 亚洲人成77777在线播放网站 | 欧美亚洲国产片在线播放| 国产精品99久久久精品无码| 乱理电影不卡4k4k| 被按摩的人妻中文字幕| 成人动漫h在线观看| 国产专区中文字幕| 久久精品国产亚洲av麻豆色欲| 高清一区二区三区日本久| 无码h黄肉3d动漫在线观看| 区二区三区四区免费视频| aⅴ免费在线观看| 欧美影院在线观看| 国产在线高清精品二区色五郎| 中文字幕在线观看| 老子影院午夜伦手机不四虎| 强行扒开双腿猛烈进入免费视频| 偷看农村妇女牲交| 永久免费在线观看视频| 日韩欧美成末人一区二区三区| 国产一精品一av一免费爽爽| а√在线地址最新版| 欧美日韩国产综合视频一区二区三区 | 久久成人国产精品一区二区| 黄色永久免费网站|