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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.% | ||
|---|---|---|---|---|---|
|
|
|
1.1078
|
0.0026
|
0.2343%
|
|
|
|
|
1.2928
|
0.0000
|
0.0012%
|
|
|
|
Tadawul
|
8045.32
|
44.99
|
0.56%
|
|
|
|
|
17.177
|
0.224
|
1.318%
|
|
|
|
|
55.340
|
-2.454
|
4.247%
|
|
|
|
|
60.91
|
-1.53
|
2.45%
|
|
|
|
|
1475.150
|
7.170
|
0.488%
|
|
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