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Oil prices gains by 0.36 percent in early morning trade


Syed Umarullah HussainiWeb Editor

14th Aug, 2020. 11:07 am
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Oil Prices Keep Falling On Fears Over Worldwide Demand Amid Lockdown

Oil gained on the last of the business week, by 0.36% and traded at $45.12 a barrel.

According to the details, WTI futures rose 0.33% to $42.38 and Brent oil futures gained 0.36% to $45.12, with the black liquid poised to enter the second week of gains.

Asian Markets 

Shares rose in Japan and Australia but fell in Hong Kong, South Korea, and Shanghai.

Japan”s benchmark Nikkei 225 gained 0.1% in morning trading to 23,275.27.

South Korea”s Kospi slipped 1.4% to 2,403.20. Australia”s S&P/ASX 200 added 0.7% to 6,131.50.

Hong Kong”s Hang Seng dipped nearly 0.2% to 25,191.68, while the Shanghai Composite index lost 0.3% to 3,309.51.

Trade tensions between the US and China are also on investors” minds like so much of Asian regional growth depends on exports to those giant economies.

The two sides are due to hold talks online later Friday on a trade deal reached in January that brought a truce in their bruising tariff war.

 

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