Oil extends gains as Brent jumps by 5%

2019-08-13 17:45:26 GMT (Economies.com)
Oil extends gains as Brent jumps by 5%

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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