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Oil Treads Water as Traders Wonder If China Will Meet Trump's Demands

2 monthes ago   |   By FXCM

By Barani Krishnan
Investing.com - Two days after the so-called landmark deal, oil traders are wondering if China will really fulfill its energy purchases under the phase one deal. U.S. Crude prices were little changed Friday, showing losses on the week, on worries the trade war will be back if Beijing falls short of the deal.
New York-traded West Texas Intermediate, the benchmark for U.S. crude, was off 14 cents, or 0.2%, at $58.38 per barrel by 1:15 PM ET. Despite Thursday's 1.2% rebound, WTI was down 1% on the week.
London-traded Brent, the global crude benchmark, was flat at $64.62...
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