Oil Steadies as Traders Parse US-China Framework Deal on Trade
Oil was little changed, as traders digested an initial agreement between the US and China to improve trade relations following talks in London.
West Texas Intermediate held near $65 a barrel, after losing 0.5% on Tuesday, while Brent settled above $66. Washington and Beijing reached a framework deal, according to Commerce Secretary Howard Lutnick, with implementation subject to presidential approvals. The sides agreed to implement a consensus reached in Geneva in earlier talks, a Chinese official said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hill
19 minutes ago
- The Hill
The Latest: Air India plane bound for London crashes with 242 passengers onboard
Air India says a London-bound flight crashed shortly after taking off from Ahmedabad airport Thursday with 242 passengers and crew onboard. The airline said flight AI 171, a Boeing 787-8, crashed into a residential area near the airport in Ahmedabad, a northwestern city with a population of more than 5 million, five minutes after taking off at 1:38 p.m. local time. The plane was bound for London Gatwick Airport and was carrying 169 Indians, 53 Britons, seven Portuguese and one Canadian, Air India said. Visuals on local television channels showed smoke billowing from the crash site. Here's the latest: ___ Boeing said in a brief statement: 'We are aware of initial reports and are working to gather more information.' The crash comes days before the opening of the Paris Air Show, a major aviation expo where Boeing and European rival Airbus will showcase their aircraft and battle for jet orders from airline customers. Boeing has been in recovery mode for more than six years after Lion Air Flight 610, a Boeing 737 Max 8, plunged into the Java Sea off the coast of Indonesia minutes after takeoff from Jakarta, killing all 189 people on board. Five months later, Ethiopian Airlines Flight 302, a Boeing 737 Max 8, crashed after takeoff from Addis Ababa, Ethiopia, killing 157 passengers and crew members. Shares of Boeing Co. tumbled nearly 9% before trading opened in the U.S. ___ In August 2020 an Air India Express Boeing-737 skidded off a hilltop runway in southern India, killing 21 people. The worst air disaster in India was on Nov. 12, 1996, when a Saudi Arabian Airlines flight collided midair with a Kazakhastan Airlines Flight near Charki Dadri in Haryana state, killing all 349 on board the two planes. ___ India's foreign minister, Subrahmanyam Jaishankar, said he was 'deeply shocked to learn about the flight crash in Ahmedabad' in a post on X. 'Our prayers are with the passengers and their families,' he said. ___ Air India in a statement said there were 242 passengers and crew members on board the Boeing 787-8 aircraft. Of these, 169 are Indian nationals, 53 British, one Canadian and seven Portuguese. The injured are being taken to the nearest hospitals.
Yahoo
32 minutes ago
- Yahoo
Yirendai: Q1 Earnings Snapshot
BEIJING (AP) — BEIJING (AP) — Yirendai Ltd. (YRD) on Thursday reported earnings of $34.1 million in its first quarter. The Beijing-based company said it had profit of 39 cents per share. The online consumer finance marketplace posted revenue of $214.2 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on YRD at Sign in to access your portfolio
Washington Post
35 minutes ago
- Washington Post
Yirendai: Q1 Earnings Snapshot
BEIJING — BEIJING — Yirendai Ltd. (YRD) on Thursday reported earnings of $34.1 million in its first quarter. The Beijing-based company said it had profit of 39 cents per share. The online consumer finance marketplace posted revenue of $214.2 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on YRD at
