"China will respond firmly if the United States insists on escalating trade tensions, the foreign ministry said on Tuesday after U.S. President Donald Trump said further tariffs were ready to kick in if no deal was reached at June's G20 summit."
"Trump has repeatedly said he is getting ready to meet Chinese President Xi Jinping at the Osaka summit at the end of June, but China has not confirmed it."
"Trump said last week he would decide after the meeting of the leaders of the world's largest economies whether to carry out a threat to impose tariffs on at least $300 billion in Chinese goods."
SUMMARY
TRADE WAR between CHINA & US is very likely going to ESCALATE and oil price has fallen to USD62/barrel today, which is likely to fall further moving forward.
CORRECTION in Oil & Gas counter likely will be coming soon.
"Oil prices sank on Wednesday following government data that showed another rise in U.S. crude stockpiles and as the market continues to grapple with concerns about weakening fuel demand."
"Brent crude, the international benchmark for oil prices, was down $1.14, or 1.8%, at $61.15 around 10:40 a.m. ET (1435 GMT). Brent hit a session low at $60.30 in early morning trading."
"U.S. West Texas Intermediate crude futures fell $1.18, or 2.2%, to $52.09 per barrel. WTI fell as low as $51.46 earlier in the session."
"Affin Hwang Capital Research has downgraded the Oil & Gas sector (O&G) to “Neutral” (from Overweight) and said with heightened uncertainty over global demand and a good run-up in O&G stock prices in 1H19, the risk-reward profile is skewed to the downside."
"Oil slipped further into a bear market as American factories and homebuilders offered the latest signs of weakening demand."
"Futures slid 1.1% in New York while London-traded Brent crude fell almost 2% as OPEC and its allies struggled to pick a meeting date to discuss supply cuts. In the U.S., the Federal Reserve found a record slowdown in June for New York State factories while sentiment among housing contractors unexpectedly dropped for the first time all year."
"West Texas Intermediate for July delivery closed 58 cents lower at $51.93 a barrel on the New York Mercantile Exchange. Brent for August settlement fell $1.07, or 1.7%, to $60.94 a barrel on London’s ICE Futures Europe Exchange."
Dawneagle : believe now? I’m not that conman trying to lure ppl to his classes. I’ve got better things to do. U missed the chance now and stop being a sour puss.
"Oil settled lower on Friday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region."
"U.S. West Texas Intermediate crude futures fell $1.48 — or 2.6% — to settle at $55.30. The U.S. benchmark dropped 1.5% in the previous session, and 3% on Wednesday."
"Brent crude futures fell $1.94, or more than 3%, at $61.72 a barrel by 2:36 p.m. ET. They fell 1% on Thursday, and 3% on Wednesday."
@@WILL8080... first of all, I didnt know the pastard has a classroom training. Then if you're not associated with him, no problem, we are cool. Finally read my other post, I am happily earning in destini in range bound mode. Collect low and sell 2to3 sen higher.
I just hate when idiots give recommendation to buy high then ask ppl to average down (again not referring to you). Then one day he says,,, it's time to get out...fcuk you! how to get out when buying price is higher than current price... then he will paste an old post saying like... guys becareful T+2 coming etc.saying he already give warning...
I dont mind being a sour puss... I make decent money here and uphold a certain good principle. No harm done to others.
Dawneagle It needs to break 0.28 decisively and stay above. Otherwise its range bound 17/07/2019 2:35 AM
Will8080 Dawneagle : believe now? I’m not that conman trying to lure ppl to his classes. I’ve got better things to do. U missed the chance now and stop being a sour puss.
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Will76
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Posted by Will76 > 2019-06-11 23:20 | Report Abuse
NEWS FROM THE STAR ONLINE TODAY
"China will respond firmly if the United States insists on escalating trade tensions, the foreign ministry said on Tuesday after U.S. President Donald Trump said further tariffs were ready to kick in if no deal was reached at June's G20 summit."
"Trump has repeatedly said he is getting ready to meet Chinese President Xi Jinping at the Osaka summit at the end of June, but China has not confirmed it."
"Trump said last week he would decide after the meeting of the leaders of the world's largest economies whether to carry out a threat to impose tariffs on at least $300 billion in Chinese goods."
SUMMARY
TRADE WAR between CHINA & US is very likely going to ESCALATE and oil price has fallen to USD62/barrel today, which is likely to fall further moving forward.
CORRECTION in Oil & Gas counter likely will be coming soon.