As the price of oil rises, heavily-hedged shale drillers may find it harder to meet investor demands for payback, boosting the value of producers that haven’t locked in returns for future production.
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Missed Call Or WhatsApp Arushi Pathak 7900407979 www.deltamcx.com Maximum Accuracy Best Returns Oil prices traded lower on Monday in Asia. Sino -U.S. trade war developments were in focus.U.S. Crude Oil WTI Futures fell 1.1% to $55.04 by 12:35 AM ET (04:35 GMT.). International Brent Oil Futures were down 1.2% to $61.16.Concerns that the U.S.-China trade war may further intensify eased somewhat after President Donald Trump reportedly said that proposed tariffs on China could be delayed or halted if Beijing “takes positive action.”During an interview with CNBC, Trump said that his administration could delay or halt the imposition of tariffs if China " takes positive action." The comments came on Friday, a day after Trump announced that the U.S. would impose new levies on $300 billion worth of Chinese goods, raising fresh fears about oil demand growth, sending oil prices tumbling 8% - their biggest one-day drop in more than four years.The t...
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