WTI: Bulls are waiting for developments in trade between China and the United States to confront $56.30
Early Tuesday WTI traded around $55.70 more slightly softer. As of the fresh 2019 the energy benchmark slumped further to $56.30 on Monday as international investors continue to fear future fuel demand given the current hanging issue of the trade agreement between the US and China.
As the U.S. market closed for President Day Holidays on Monday traders had less information about what took place during the five-day commercial talks in Beijing.
Reuters reported that the Trump administration's top members including the US Trade Representative Lighthizer and the Treasury Sec, were initially on Tuesday. Mnuchin will discuss what structural alters and import promises China should make in order to make progress in a trade agreement with the United States.
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