MCX CRUDE OIL TOP NEWS UPDATED BY SPIDERSIGNALS.COM

Oil Prices Gain on China Data, Market Shakes Off Saudi Arabian Disruption

Oil prices gained on Monday in Asia as positive China data eased demand concerns. Oil prices were already gaining after Iranian President Hassan Rouhani was quoted by Reuters as saying that U.S. President Donald Trump had offered to lift all sanctions on Iran in return for talks. However, Trump later twLimiting gains in oil prices were reports that Saudi Arabia would agree to a ceasefire in Yemen, which could result in much less war risk premium for oil.eeted that he had agreed to no such thing.

 

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