• 3 days The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 2 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 3 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 13 hours "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days Demonising fossil fuels has caused major grid problem in Australia
  • 4 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 6 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 330 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 8 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
  • 9 days "And this is perhaps the most dangerous kind of government there can be."
Editorial Dept

Editorial Dept

More Info

What A Trade Deal Would Mean For Oil

Oil prices shifted lower to start the week on the back of a fresh round of tariffs placed by Trump on Chinese goods, another contraction-territory print in China’s manufacturing PMI and news that OPEC production increased in August. Prices, however, veered back on Wednesday morning, with WTI rising over 4% as a result of positive economic activity in China’s services sector

The trading week began with a thud as Asian markets open Monday morning after President Trump announced another 15% tariff hike on about $110 billion worth of Chinese goods. Brent crude fell below $59 while WTI was just south of $55. The S&P 500 fell towards the 2,900 before smoothing out about 4% below its all-time high mark July. Traders are still anxiously awaiting yet another round of tariffs to be triggered in mid-December as trade officials from the US and China don’t appear to be able to get each other to the negotiating table. On the US side it was leaked from the White House that the conversations with Beijing Trump had tweeted about last week never actually occurred. Meanwhile China’s state newspapers continued to ask Washington to change their posture without offering any hint that they were ready to meet Washington in the middle.

China’s Manufacturing PMI registered 49.5 for August for its 6th contraction territory print through the first eight months of the year. Asian equity markets were reassured by a better mark in the Caixin PMI and news from…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News