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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.% | ||
|---|---|---|---|---|---|
|
|
|
1.1285
|
0.0008
|
0.0696%
|
|
|
|
|
1.2478
|
0.0170
|
1.3837%
|
|
|
|
Tadawul
|
7406.80
|
18.31
|
0.25%
|
|
|
|
|
18.197
|
0.418
|
2.354%
|
|
|
|
|
40.955
|
2.180
|
5.622%
|
|
|
|
|
43.48
|
0.68
|
1.59%
|
|
|
|
|
1777.370
|
5.755
|
0.325%
|
|
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