Oil shed some of its massive gains on Tuesday as the United States flagged the p...
LONDON - Oil shed some of its massive gains on Tuesday as the United States flagged the possible release of crude reserves, while stocks inched lower as investors remained on the sidelines ahead of this week’s Federal Reserve meeting.
European shares opened lower, with energy stocks giving up gains as crude prices eased. The pan-European STOXX 600 index dropped 0.2%.Earlier in Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.66%. Chinese shares fell 1.07%, while Hong Kong shares slumped 1.18%.Brent crude oil, the international benchmark, fell 0.1% to $68.96 per barrel on Tuesday. On Monday, it surged as much as 14.6% for its biggest one-day percentage gain since at least 1988.
U.S. President Donald Trump has authorized the release of emergency crude stockpiles if needed, which could ease some upward pressure on crude futures. “It is this concern over negative supply shocks amid geopolitical tensions which should keep oil prices buoyed in the short term.”The yield on benchmark 10-year Treasury notes fell slightly to 1.8292%.
Trump said on Monday that the United States has reached initial trade agreements with Japan, but traders are also focused on the U.S.-Sino trade war.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Don't expect oil shocks to move the FedThe weekend bombings of Saudi Arabia's main oil refinery have already spark...
Leer más »
Russia: oil price hike reflects risks after attacks on Saudi oilThe spike in global oil prices on Monday was expected as prices need to reflect ...
Leer más »
Chevron CEO: Saudi oil strikes won't have much short-term impact on U.S. oil productionAttacks on Saudi oil plants will not have much impact on U.S. oil production in ...
Leer más »
Oil stocks soared after a Saudi oil facility attack — Five experts on what the move meansOil stocks spiked following an attack on a Saudi oil production facility. Five experts discuss what investors can expect to happen now.
Leer más »
Oil falls more than 1% as market awaits response to Saudi oil attacksOil fell more than 1% on Tuesday as the market hung on tenterhooks following att...
Leer más »
Oil spiked a record 20% on the sudden attack to Saudi Arabian oil suppliesBrent crude oil hovered at about 8% higher on Monday morning, heading for the sharpest rise in almost three years.
Leer más »