Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, July 1
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Commodities»Crude oil futures rase as market awaits outcome of US-China trade talks 
    Commodities

    Crude oil futures rase as market awaits outcome of US-China trade talks 

    June 9, 20252 Mins Read


    Crude oil futures traded higher on Tuesday morning as the market was awaiting the outcome of the US-China trade talks.

    At 9.30 am on Tuesday, August Brent oil futures were at $67.21, up by 0.25 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $65.40, up by 0.17 per cent. June crude oil futures were trading at ₹5599 on Multi Commodity Exchange (MCX) during the initial hour of trading on Tuesday against the previous close of ₹5,565, up by 0.61 per cent, and July futures were trading at ₹5,530 against the previous close of ₹5,500, up by 0.55 per cent.

    On Monday, negotiators from the US and China began trade talks in London. They are likely to discuss issues related to tariff rollbacks, export controls, and other bilateral trade issues.

    In their Commodities Feed for Tuesday, Warren Patterson, Head of Commodities Strategy of ING Think, and Ewa Manthey, Commodities Strategist, said oil prices firmed on Monday, a trend that continued in early morning trading on Tuesday.

    “Trade talks between the US and China appear to be progressing, with discussions set to continue today. The US also appears willing to ease some tech export restrictions in return for China easing limits on rare earth exports. This is providing some support to the market,” they said.

    Meanwhile, nuclear talks between Iran and the US don’t appear to be progressing, providing some tailwinds for prices. Iran is not willing to compromise on its right to enrich uranium, something the US won’t accept, they said.

    ING Think’s Commodities Feed said that Chinese crude oil imports were relatively weak in May, coming in at around 11 million barrels a day, down 5.7 per cent month-on-month and 0.8 per cent lower year-on-year. Weaker imports were partly driven by refinery maintenance; May is generally the peak for such maintenance. However, cumulative imports for the year are still up 0.3 per cent year-on-year, it said.

    June zinc futures were trading at ₹251.60 on MCX during the initial hour of trading on Tuesday against the previous close of ₹252.40, down by 0.32 per cent.

    Published on June 10, 2025



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleUK families ‘seize moment’ to buy exclusive London homes as non-doms retreat
    Next Article Miris est actuellement cotée sur Spotlight, hors droits de souscription dans le cadre d’une émission de préférence.

    Related Posts

    Commodities

    Google Signs Deal to Buy Fusion Energy From Bill Gates-Backed Nuclear Startup — Commodities Roundup

    July 1, 2025
    Commodities

    Singapore: where trade meets innovation and digitalisation – Financial Times

    July 1, 2025
    Commodities

    Apolonia Capital Secures Full Regulatory License from UAE Securities and Commodities Authority (SCA)

    June 30, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Investing

    KeyBanc maintains PPG shares at overweight after earnings release By Investing.com

    October 17, 2024
    Bitcoin

    la blockchain Bitcoin aide à gagner un procès pour la première fois

    April 29, 2025
    Bitcoin

    Adam Back fait un cas optimiste pour le bitcoin alors que le prix BTC récupére 97 000 $

    February 21, 2025
    What's Hot

    Terex Utilities Donates, Plants Trees : CEG

    August 28, 2024

    bien choisir votre label avant d’investir

    January 17, 2025

    S&P 500, Nasdaq, Dow rebound as investors brace for Trump’s tariff bazooka

    April 2, 2025
    Most Popular

    What gold investments are best in an uncertain economy? Here’s what experts say

    August 22, 2024

    Moov Africa finance les trois projets des finalistes du Best Project Challenge 2024

    January 22, 2025

    New Investors Buying Bitcoin Again: Key Data Supports Bullish Outlook

    October 16, 2024
    Editor's Picks

    Dormant Bitcoin wallet from 2014 moves BTC worth $10.2m

    August 16, 2024

    We Think That There Are Some Issues For Algonquin Power & Utilities (TSE:AQN) Beyond Its Promising Earnings

    August 16, 2024

    Dividend investing transformed my wealth. Now an investing milestone is within view: Money Talks

    July 13, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.