The United States and China have reached a deal to establish a trade consultation mechanism, following two days of...
America’s S&P 500 index broke its three-week winning streak yesterday.
Brent crude futures went down by about 1% to trade at $26.16 as at 5.45am local time.
The price of crude oil has posted a 7-month low, declining by 4% to $57 a barrel in two days. This is the first time oil price would post a huge fall since January 2019.
Oil price dropped to below $60 a barrel in the early hours of Tuesday. This is the first time crude oil price would fall below $60 since January 2019.
Oil prices may rebound next week following the decision by the United States of America and China to restart trade talks.
