Oil market retains upward vector on the back of careful optimism of investors regarding prospects of mending trade relations between USA and China.
Oil market opens new trading week in the green reacting on situation in stock markets and messages saying, that Gibraltar court has ordered to release Iranian oil tanker Grace 1.
During Tuesday’s session oil price showed quite a tangible growth after messages reporting United States will delay imposing a 10% tariff on certain Chinese products from 1 of September to December 15, 2019.
Yesterday oil market continued downward movement on the back of aggravating situation in international trading and release of weekly report by U.S. Department of Energy.
Oil market remains under very stiff pressure on the back of increased tensions in trade relationship between USA and China.