Skip to main content

Crude oil price hits 11-week high on high U.S.-China tensions

By: Invezz
Crude Oil Drops

Crude oil price is trading above the $35 mark for the first time since the first half of March as rising U.S.-China tensions weighed on risk sentiment.  Fundamental analysis:  Crude oil prices are trading around 1% higher today to hit the levels near the $36 handle for the first time since March 11. Prices have been recovering for weeks after printing historic lows. Investors are watching closely the developments in the row between the United States and China, after the Asian superpower warned of retaliation on U.S. moves over Hong Kong. “The possibility of heightened tensions does pose a risk

The post Crude oil price hits 11-week high on high U.S.-China tensions appeared first on Invezz.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.