Oil steady as sluggish China growth offsets trade deal optimism

© Reuters. FILE PHOTO: A maze of crude oil pipes and valves at the Strategic Petroleum Reserve in Freeport, Texas By Roslan Khasawneh and Aaron Sheldrick SINGAPORE/TOKYO (Reuters) – Oil prices were steady on Friday as reports of sluggish economic growth in China, the world’s biggest crude importer, raised concerns about fuel demand which countered […]

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Oil Climbs the Most in Two Weeks as Trade Deals Boost Optimism

© Reuters. Oil Climbs the Most in Two Weeks as Trade Deals Boost Optimism (Bloomberg) — Oil posted its largest gain in almost two weeks, swept along in a broader equities rally as the preliminary U.S.-China trade truce and an accord between America, Canada and Mexico fueled optimism about economic growth. Futures settled 1.2% higher […]

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Disease that killed millions of China’s pigs poses global threat

By Tom Polansek CHICAGO (Reuters) – Bettie the beagle, a detector dog for U.S. Customs and Border Protection, picked up the scent of pork on a woman arriving from China at Chicago’s O’Hare International Airport. Soon the dog’s handler discovered and confiscated a ham sandwich in the purse of a passenger who had flown on […]

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U.S. Senate expected to vote on North American trade deal Thursday: McConnell

WASHINGTON (Reuters) – U.S. Senate Majority Leader Mitch McConnell said he expected the Senate to vote on final approval of a new North American trade deal on Thursday and send the legislation to President Donald Trump for his signature. The legislation, passed by the House of Representatives on Dec. 19, has been delayed in the […]

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Oil Trades Near Six-Week Low as Data Shows U.S. Stockpiles Rose

(Bloomberg) — Oil traded near a six-week low as industry data showing an increase in U.S. crude stockpiles re-affirmed expectations that global markets will be oversupplied in the first part of the year. Futures slipped as much as 0.7% in New York to near $ 58 a barrel as traders focused on the approaching seasonal […]

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Breaking: Oil Inventories Rose by 1.1M Barrels Last Week: API

© Reuters. By Yasin Ebrahim Investing.com – stockpiles rose by 1.1 million barrels last week, according to an estimate from the American Petroleum Institute released Tuesday. The API said were up by 1.1 million for the week ended Jan. 10. Analysts expect that the Energy Information Administration will report a draw of 474,000 barrels when […]

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Crude exports boom on U.S. Gulf Coast, allaying bottleneck fears

By Collin Eaton (NYSE:) and Devika Krishna Kumar HOUSTON/NEW YORK (Reuters) – exports from Corpus Christi, Texas, have surged to a record in recent weeks, often surpassing hubs such as Houston and Beaumont, Texas, thanks to faster-than-expected infrastructure additions. The infrastructure boom at Corpus Christi helped push crude exports there to a weekly record of […]

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OIl’s Losses Deepen; Oversupply Feared Above Iran Tensions, China Deal

© Reuters. By Barani Krishnan Investing.com – Street protests in Iran or the anticipation of a China deal aren’t swaying oil buyers. Crude prices sunk further for the year on Monday on easing tensions in the Middle East and amid worries that oil could get into another oversupply situation from seasonal lows in consumption. , […]

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Safe-Haven Gold Slips as Asian Stocks Gain Ahead of Trade Deal Signing

© Reuters. Investing.com – Prices of the safe-haven gold slipped on Monday in Asia as Asian stocks traded higher ahead of the U.S.-China phase one trade deal signing. for February delivery on New York’s COMEX dropped 0.3% to $ 1,555.45 by 1:25 AM ET (05:25 GMT). The yellow metal dropped as the U.S. is expected […]

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