- November 27th, 2019
Oil gains, bolstered again by U.S.-China trade talks
Oil prices rose on Tuesday after news that U.S. and Chinese officials discussed trade, while predictions for a weekly draw on U.S. crude stockpiles lent some support as well.
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Oil prices rose on Tuesday after news that U.S. and Chinese officials discussed trade, while predictions for a weekly draw on U.S. crude stockpiles lent some support as well.
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British wholesale gas prices dropped on Tuesday morning due to strong domestic production, a rise in Norwegian flows and a flurry of liquefied natural gas (LNG) cargo arrivals.
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Oil prices slipped on Tuesday on concerns about economic growth and fuel demand as uncertainty remains about the ability of the United States and China, the world’s biggest oil users, to agree a preliminary deal to end their trade war.
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European wholesale power trading markets on Monday saw prices for delivery next week rise sharply on an anticipated decline in temperatures that will boost French demand and draw on imports from elsewhere.
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British wholesale gas prices were mixed on Monday as weather conditions, which have been mild leading to an oversupplied market, are expected to deteriorate later in the week.
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Oil prices rose on Monday as positive noises from Washington over the weekend rekindled hopes in global markets that the United States and China could soon sign an interim deal to end their bitter trade war.
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British wholesale gas prices rose on Thursday morning as supplies from the country’s liquefied natural gas (LNG) terminals fell, leaving the market undersupplied.
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Oil prices edged lower on Thursday as fresh tensions between the United States and China over ongoing protests in Hong Kong fueled concern that a long hoped-for deal to end a trade war between the world’s top two economies may be further delayed.
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Britain’s prompt gas prices declined on Wednesday due to milder-than-expected temperatures that are seen rising at the weekend, coupled with strong wind power generation and liquefied natural gas (LNG) supplies.
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Oil prices slipped for a third day on Wednesday as a surge in U.S. stockpiles reinforced concerns about lacklustre global economic growth, while hopes ebbed for any movement on the U.S.-China trade war.
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