Stocks up despite trade dispute, oil drops on Trump threat - News Summed Up

Stocks up despite trade dispute, oil drops on Trump threat


The price of oil dropped after U.S. President Donald Trump warned OPEC to ensure production increases, as they promised this summer. KEEPING SCORE: France’s CAC 40 rose 0.8 per cent to 5,440 and Germany’s DAX gained 0.7 per cent to 12,297. Dow futures added 0.2 per cent while the S&P 500 future rose 0.1 per cent. US-CHINA TRADE: Starting Monday, the U.S. will place a 10 per cent tariff on another $200 billion worth of Chinese goods. The question is tricky because Iran’s output is stymied by U.S. sanctions and Iran is hesitant to let regional rival Saudi Arabia increase production and take over market share.


Source: National Post September 20, 2018 07:02 UTC



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