LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Good news! Global oil prices ease as trade row clouds demand outlook

"The market`s expectation of shortages has cooled after data from last week showed increases in supplies, while investors have lowered the outlook for oil demand," said Wang Xiao, head of crude research with Guotai Junan Futures. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Good news! Global oil prices ease as trade row clouds demand outlook
Brent crude oil futures dipped 16 cents, or 0.2 percent to $77.93 a barrel by 0035 GMT, Image source:Reuters
Written By: Reuters
Updated: Mon, Sep 17, 2018
12:27 pm
BEIJING, Reuters
RELATED NEWS
Petrol, Diesel Price 22-02-2021 – Fuel prices remain unchanged on Monday; Expert tells money making strategy on Oil futures Petrol, Diesel Price 22-02-2021 – Fuel prices remain unchanged on Monday; Expert tells money making strategy on Oil futures
Petrol, Diesel Price Today 19-02-2020: Fuel prices rise on Friday too; Know the latest price in 4 metros! Petrol, Diesel Price Today 19-02-2020: Fuel prices rise on Friday too; Know the latest price in 4 metros!
Petrol, Diesel Price Today 17-02-2020: Fuel prices rise on Wednesday too; So, who is benefitting? Petrol, Diesel Price Today 17-02-2020: Fuel prices rise on Wednesday too; So, who is benefitting?
Petrol, Diesel Price Today 15-2-2021 – Fuel prices hiked on Monday too; See rates in these 4 metros Petrol, Diesel Price Today 15-2-2021 – Fuel prices hiked on Monday too; See rates in these 4 metros
Diesel, Petrol Price – Fuel prices increase on Wednesday; See today’s rates in these 4 metros Diesel, Petrol Price – Fuel prices increase on Wednesday; See today’s rates in these 4 metros

Global oil prices eased in early Asian trading on Monday on concerns that the United States is poised to impose additional tariffs on China, outweighing supply fears from upcoming sanctions on Iran.

Brent crude oil futures dipped 16 cents, or 0.2 percent to $77.93 a barrel by 0035 GMT.

U.S. West Texas Intermediate (WTI) futures fell 20 cents or 0.3 percent, to $68.79 a barrel. 

"The market`s expectation of shortages has cooled after data from last week showed increases in supplies, while investors have lowered the outlook for oil demand," said Wang Xiao, head of crude research with Guotai Junan Futures. 

U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters on Saturday.

The escalating trade row is raising concerns about the potential for slower growth in oil consumption, offsetting supply concerns stemming from upcoming U.S. sanctions on Iran over its nuclear programme.

Refiners in India, Iran`s second largest crude buyer will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year.

Watch Zee Business video here:

Also weighing on oil prices, U.S. drillers added two oil rigs in the week to Dec. 1, bringing the total count up to 749, the highest since September, General Electric Co`s Baker Hughes energy services firm said in its closely followed report on Friday.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Crude OilEconomy
RELATED NEWS
Petrol, Diesel Price 22-02-2021 – Fuel prices remain unchanged on Monday; Expert tells money making strategy on Oil futures Petrol, Diesel Price 22-02-2021 – Fuel prices remain unchanged on Monday; Expert tells money making strategy on Oil futures
Petrol, Diesel Price Today 19-02-2020: Fuel prices rise on Friday too; Know the latest price in 4 metros! Petrol, Diesel Price Today 19-02-2020: Fuel prices rise on Friday too; Know the latest price in 4 metros!
Petrol, Diesel Price Today 17-02-2020: Fuel prices rise on Wednesday too; So, who is benefitting? Petrol, Diesel Price Today 17-02-2020: Fuel prices rise on Wednesday too; So, who is benefitting?
Petrol, Diesel Price Today 15-2-2021 – Fuel prices hiked on Monday too; See rates in these 4 metros Petrol, Diesel Price Today 15-2-2021 – Fuel prices hiked on Monday too; See rates in these 4 metros
Diesel, Petrol Price – Fuel prices increase on Wednesday; See today’s rates in these 4 metros Diesel, Petrol Price – Fuel prices increase on Wednesday; See today’s rates in these 4 metros

LATEST NEWS

Samsung Galaxy M62 launched - smartphone packs this massive feature; Check all details here

CBSE class 10 Syllabus reduced in this subject: Attention students! CBSE board exam 2021 syllabus has been cut for social science subject; Know how to download

Redmi K40 series set to launch today: Check expected price, specs and other details NOW!

Nureca IPO Listing: In talk with Anil Singhvi, Founder & CEO Aryan Goyal reveals company's outlook

Nureca IPO Listing Today: Stock lists at a premium; Anil Singhvi reveals complete investment strategy, stop-loss and more

7th Pay Commission latest news: These government employees retirement age hiked in this state; check who all benefitted

PAN Aadhaar Link Online Last Date: This will happen if you don't do what Income Tax dept has said! Do now via SMS

PUBG Mobile New State official trailer released, pre-registration on Google Play Store | All new features, details here!

India's Marvel! World's highest rail bridge arch on Chenab in Jammu and Kashmir nears completion, says Piyush Goyal

NSE glitch: Anil Singhvi demands investigation on market action between 3-3:30 pm; asks who caused huge jump in Bank Nifty and Nifty when FIIs were net sellers?

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved