Oil futures gained one per cent overnight, boosted by a surprise drawdown in US crude stockpiles but an escalating US-Chinese trade fight limited oil's gains as investors anxious about the global outlook for energy demand.
If the trade talks fail, investors fear that it could pave the way for a global economic slowdown, lowering oil demand around the world, while putting a downward pressure on oil prices.
Gold prices gained on Tuesday as stock markets weakened after a USA threat to hike tariffs on Chinese imports renewed trade tensions and improved demand for safe-haven bullion. Earlier in the session, they fell as low as $69.57 a barrel.
U.S. West Texas Intermediate (WTI) crude futures were at $61.56 per barrel at 0057 GMT on Wednesday, 17 cents, or 0.3 percent, above their last settlement. "European equities are further down this morning and this is a situation where gold is seen as a safe-haven", said Quantitative Commodity Research analyst Peter Fertig.
Trade war tensions continued to simmer after U.S. President Donald Trump threatened to impose additional tariffs on Chinese goods beginning on Friday, prompting Beijing to threaten retaliation. China's commerce ministry confirmed on Tuesday that Vice Premier Liu He will visit the United States from May 9-10 for bilateral trade talks at the invitation of senior U.S. officials.
Takahiko Yamamoto, a Fuji Oil director, toldReuters after the press conference that the refiner had already secured most of its supplies for June, mainly through the spot market.
The country is the world's biggest oil importer. That is an 11 percent rise from the same month a year ago. At the same time, it also said that US crude oil production is expected to average 12.45 million bpd this year, up from the current 12.3 million bpd, which is already a record. The US asked Iranian oil buyers to stop Iran oil imports by May 1st or face sanctions, ending six months of exemptions that allowed the top eight buyers of Iranian oil, mostly in Asia, to continue to import limited quantities. -China conflict could escalate overshadowed data showing an unexpected drop in US crude inventories.
Crude oil prices increased in April, but they are expected to decrease through 2019 and 2020, the U.S. Energy Information Administration (EIA) said on Tuesday.
More interesting than that bit of non-news sent out by Samsung is that the company is allowing people to cancel their pre-orders. The email was necessary under United States regulations that require customers be contacted if their pre-order is in any doubt.
Avatar 3 was originally scheduled to hit theaters on December 17, 2021 but has now been shifted to December 22, 2023. At almost 65 films, the list includes offerings from not only Disney and Fox but Marvel, Pixar, and Lucasfilm.
He said Meghan and the baby were doing "incredibly well", adding that they were still thinking about names for the infant. However, the couple does have plans to make their debut as a family in two days' time.
The Pixel 3a and its 0.4-inch larger cousin, Pixel 3a XL , which starts at $479, could upset Android partners, analysts said . Like its elder siblings, Pixel exclusive features such as Now Playing has been carried onto the Pixel 3a and 3a XL .
Other than the lack of blood and gore, Game for Peace looks and plays nearly exactly like PUBG Mobile , according to its players. SAPP only began approving new games in January and last month issued new guidelines for games that blacklisted certain content.
In a tweet linking to the post, Zhao said it was "not the best of days, but we will stay transparent". Another user highlighted the fact that hackers withdrew the same amount of Bitcoin previous year .
Reuters released a video showing Wa Lone and Kyaw Soe Oo reuniting with their families, hugging their wives and young children. Wa Lone and Kyaw Soe Oo were arrested on the evening of 12 December, 2017.
The Frenchman is ready to hand in a "transfer request" in an attempt to get Manchester United to drop their asking price. You might develop a team that the fans like again, that we can see here and respect professionally.
Two Pakistani politicians were later killed for publicly supporting her and criticising the country's draconian blasphemy laws. Last year, she won her appeal against the conviction and death sentence, sparking widespread protests throughout Pakistan.
Militant Islamists see visits to Sufi shrines and some rituals at the graves of Muslim saints as un-Islamic. A security operation is still under way in the area, with heavy police presence at the blast site.
Bucks lean on bench en route to 3-1 series lead
Since then, the Bucks have been dominant, winning three straight games with MVP candidate Giannis Antetokounmpo leading the way. Antetokounmpo picked up his third foul when Jaylen Brown drove to the hoop early in the second half, but he stayed in the game.
Cardiff relegated from Premier League
Cardiff needed to avoid defeat against the Eagles on Saturday in a bid to stand a chance ahead of the final round of the league. For 15 years I've said dont worry, one day I'm going to shoot and score a big goal. "It wasn't to be".
Dark Mode is coming in Android Q
Google has unveiled several new features for the upcoming tenth release of its Android mobile operating system - Android Q. There will also be support for portrait mode photos, Motion Auto Focus, and unlimited Google Photos storage.
Iran pulls out of 'parts of nuclear deal'
According to Russian Presidential spokesman Dmitry Peskov, Tehran's backtracking on the agreement was due to external pressure. However, once a country enriches uranium to around 20 per cent, scientists say the time needed to reach 90 per cent is halved.
Google to roll out new Android Auto interface
Additionally, Google has implemented a new notification center, which it said compiles all phone calls and messages together. However, if you're more interested in using Google services with your existing vehicle, that has been trickier to achieve.
Google Pixel 3a and Pixel 3a XL officially announced
Serial leakster Roland Quandt has shared several pictures of the Pixel 3a and Pixel 3a XL in " Just Black " and " Clearly White ". This will be good news to the ears of smart watch enthusiasts since Google skipped the Pixel watch on lasts years I/O event.
Deals you can score during National Nurses Week
When nurses finish their basic educational programs, they must pass a comprehensive test, the NCLEX, which is a national test. Friganović also writes about violence to which nurses are being exposed in healthcare institutions.