Oil prices edge up on U.S.-China trade optimism, but demand concerns cap
Oil prices edge up on U.S.-China trade optimism, but demand concerns capBrent crude futures were at $59.10 a barrel by 0027 GMT, up 14 cents, or 0.2%, from their previous settlement. Brent settled down 0.8% at $58.96.
(Bloomberg) -- The “Phase One” trade deal with China, once completed, will be signed somewhere in the U.S., President Donald Trump told reporters on Sunday at the White House.
Trump had previously suggested Iowa, the largest U.S. corn and hog producing state, as a natural setting for the trade agreement to be formalized.
Commerce Secretary Wilbur Ross saidin Bangkok that Alaska and Hawaii, as well as locations in China, were all possible locations for Trump and Chinese President Xi Jinping to sign the deal.
The leaders had been expected to meet at this month’s Asia-Pacific Economic Cooperation summit in Chile, but that event has been canceled due to unrest in the country.
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Dollar buoyed by caution as trade deal optimism wanes .
Dollar buoyed by caution as trade deal optimism wanesSINGAPORE (Reuters) - The dollar found broad support on Friday as fresh signs of a global economic slowdown and little visible progress toward a Sino-U.S. trade truce put investors in a risk-averse mood.