Monday, 7 December 2020

Oil falls amid surging virus cases and U.S.-China tensions | Reuters

Oil falls amid surging virus cases and U.S.-China tensions | Reuters

Oil prices fell around 1% on Monday as surging coronavirus cases and heightened tensions between the United States and China undermined the positive impact from an OPEC+ deal on production.

Brent crude fell 46 cents, or 0.9%, to settle at $48.79 a barrel. U.S. crude fell 50 cents, or 1.1%, to settle at $45.76 a barrel.

Prices came under pressure after Reuters exclusively reported that the United States was preparing to impose sanctions on at least a dozen Chinese officials over their alleged role in Beijing’s disqualification of elected opposition legislators in Hong Kong.

Rising tensions between the United States and China, the world’s top oil consumers, have weighed repeatedly on the market in recent years.

1 comment:

  1. I started with an investment of £65,000 and made some profits, I found out I couldn't withdraw my investments, and I kept complaining but all to no avail, I came across some recovery agents on trust pilot and they even scammed me the more until my inlaw referred me to Mr Richard-wolf who manages an investment recovery agency i contacted him through his email address,( Richardwolf89@gmail.com )
    After narrating my ordeals to him,
    He investigated and finally helped me
    To recover all my investments and the profits ....within a months time frame.
    He even taught me how to make good predictions through his master class strategies,an at this point i have become a very happy individual again.
    I shared this to help someone out there. Don't give up on your hard earned money. Contact Richard!!!

    ReplyDelete