WSJ Dow Interview

Stocks are little changed as doubts emerge about the China-US trade agreement
October 14, 2019
US STOCKS-Wall St flat as U.S.-China trade deal optimism fades
October 14, 2019

WSJ Dow Interview

1851 GMT – US oil prices end the session 1.8% higher at $53.53/bbl after OPEC Secretary General Barkindo says the group is willing to consider deeper cuts to production to ensure a tight global market when it meets in December. OPEC also reduced its global oil demand forecast for the 3rd consecutive month, but Peter Cardillo at Spartan Capital says “we think the market had already discounted levels of demand.” He adds that crude prices were also supported by optimism over US-China trade talks and the thought of ending the “fear factor” in terms of worries that global oil demand growth could shrink more if trade talks collapse. Thursday’s rise in WTI ends a three-session skid.