*China struggle to bridge trade gaps, more time seen likely. NEW YORK, Feb 22- Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that U.S.- China trade talks would soon produce a deal, although new record U.S. oil supply limited gains. West Texas Intermediate crude futures gained 30...
NEW YORK/ LONDON, Feb 22- Raw sugar futures on ICE climbed on Friday, buoyed by a rise in crude oil to 2019 highs while arabica coffee prices inched up, pulling away from the prior session's five-month low. *May raw sugar settled up 0.1 cent, or 0.8 percent, at 13.30 cents per lb. *Oil prices touched more than three-month highs on Friday, supported by rising hopes that the...
FERC broke an impasse over how it assesses climate change impacts of LNG export terminals, potentially clearing the way for more projects.
NEW YORK, Feb 22- Stocks rose in major markets on Friday on bets of progress in trade talks between the United States and China, while crude futures hit their highest in over three months, supported by ongoing supply cuts. President Donald Trump and Chinese Vice Premier Liu He were set to meet at the Oval Office later in the day in a sign negotiations are advancing.
The ongoing U.S.-China trade dispute has halted Chinese purchases of U.S. LNG and put a chill on some new American export terminals. It threatens to sideline billions in investment.
TORONTO, Feb 22- The Canadian dollar strengthened against its U.S. counterpart on Friday, rebounding from an earlier three-day low as stocks and oil prices rose and domestic data showed a drop in retail sales that was less than the market expected. "The slight increase in volumes will see monthly GDP tracking forecasts around the 0.0 percent mark for December,...
LONDON, Feb 22- Oil prices rose on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute. International Brent crude futures hit a new 2019 high of $67.60 a barrel, up 53 cents from Thursday's close. West Texas Intermediate crude oil futures were up 51 cents at $57.48 per barrel but still shy of this...
LONDON, Feb 22- Oil prices were firm on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute. International Brent crude futures were at $67.18 per barrel at 1019 GMT, 8 cents above their last close, but below $67.38 per barrel reached earlier this week. Traders said prices were lifted by hopes that...
Saudi Aramco has signed an agreement to form a joint venture with Chinese conglomerate Norinco to develop a refining and petrochemical complex in Panjin city.
SINGAPORE, Feb 22- Oil prices were firm on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute. International Brent crude futures were at $67.18 per barrel at 0746 GMT, 11 cents above their last close, but below $67.38 per barrel reached earlier this week. Traders said prices were lifted from...
SINGAPORE, Feb 22- Oil prices reversed earlier falls on Friday, lifted by OPEC's ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute. International Brent crude futures were at $67.15 per barrel at 0707 GMT, 8 cents above their last close, but below $67.38 per barrel reached earlier this week. Traders said prices were lifted...
Oil prices were firm on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute.
SINGAPORE, Feb 22- Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day, undermining efforts by Middle East- dominated producer club OPEC to withhold supply and tighten global markets. International Brent crude futures were at $66.87 per barrel at 0326 GMT, down 20 cents, or 0.3 percent, from their last...
SINGAPORE, Feb 22- Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day, undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets. International Brent crude futures were at $66.94 per barrel at 0151 GMT, down 13 cents, or 0.2 percent, from their last...
SINGAPORE, Feb 22- Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day, undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets. West Texas Intermediate crude oil futures were at $56.85 per barrel at 0010 GMT, down 11 cents, or 0.2 percent, from...
*U.S., China sketch outlines of deal to end trade war. Supply cuts led by the Organization of the Petroleum Exporting Countries and its allies, including Russia, and oil sanctions on Venezuela and Iran helped to limit losses. West Texas Intermediate crude oil futures fell 20 cents to settle at $56.96 a barrel after touching a 2019 high of $57.55 the previous day.
*U.S., China sketch outlines of deal to end trade war. Losses were capped by OPEC- led supply cuts and U.S. sanctions on Venezuela and Iran. West Texas Intermediate crude oil futures fell 13 cents to $57.03 a barrel by 11:43 a.m. EST after touching a 2019 high of $57.55 the previous day.
The United States exported a record amount of crude oil last week, as output from the nation's shale fields continues to surge.
OIL PRICES LITTLE CHANGED AFTER EIA DATA SHOW U.S.
*Nigeria signals willingness to limit output. Losses were capped by OPEC- led supply cuts and U.S. sanctions on Venezuela and Iran. West Texas Intermediate crude oil futures fell 17 cents to $56.99 a barrel by 10:26 a.m. EST after touching a 2019 high of $57.55 the previous day.
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