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Oil extends gains as Brent jumps by 5%
2019-08-13 17:45:26 GMT
(Economies.com)
Oil rose today as market’s hopes increased after Trump’s administration announcement which has eased the US-China trade dispute.
Trump’s administration decided to delay the tariffs increase on several Chinese imports until mid-December.
Which comes instead of Trump's decision to impose a 10% tariffs increase on Chinese imports worth $300 billion as of September 1st.
Devices such as cell phones, video games and clothes were exempted from the decision.
As of 16:30 GMT, dollar rose by 0.4% to 97.7 points, with a high of 97.8 and a low of 97.3.
In oil market, By 16:25 GMT, WTI rose by 4.3% to $57.3 per barrel, with a high of $57.4 and a low of $54.2.
Brent jumped by 5% to $61.3 per barrel, with a high of $61.4 and a low of $58.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0942
|
0.0127
|
1.1724%
|
|
|
|
|
1.2875
|
-0.0073
|
0.5673%
|
|
|
|
Tadawul
|
7583.26
|
-127.86
|
1.66%
|
|
|
|
|
18.046
|
-0.448
|
2.420%
|
|
|
|
|
47.595
|
-5.738
|
10.759%
|
|
|
|
|
52.40
|
-1.00
|
1.87%
|
|
|
|
|
1648.060
|
4.415
|
0.269%
|
|
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