Oil little changed as investors eye Iran-US talks, China data
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Published date: 2025/08/27
- Location: 33170, City of Melbourne, Colorado, United States
By Florence Tan
SINGAPORE, May 19 (Reuters) - Oil prices were little changed on Monday with investors eyeing the outcome of Iran-U.S. nuclear talks and key economic data due from China to assess the impact on its commodities demand following trade tensions with the United States.
Brent crude futures edged down 5 cents to $65.36 a barrel by 0022 GMT while U.S. West Texas Intermediate crude was at $62.52 a barrel, up 3 cents. The front-month June WTI contract expires on Tuesday, and the more active July contract fell 4 cents to $61.93 a barrel.
Both contracts rose more than 1% last week after the U.S. and China, the world's two biggest economies and oil consumers, agreed to a 90-day pause on their trade war during which both sides would sharply lower trade tariffs.
China is due to release a slew of data, Unlimited Proxies including industrial output, later on Monday.
SINGAPORE, May 19 (Reuters) - Oil prices were little changed on Monday with investors eyeing the outcome of Iran-U.S. nuclear talks and key economic data due from China to assess the impact on its commodities demand following trade tensions with the United States.
Brent crude futures edged down 5 cents to $65.36 a barrel by 0022 GMT while U.S. West Texas Intermediate crude was at $62.52 a barrel, up 3 cents. The front-month June WTI contract expires on Tuesday, and the more active July contract fell 4 cents to $61.93 a barrel.
Both contracts rose more than 1% last week after the U.S. and China, the world's two biggest economies and oil consumers, agreed to a 90-day pause on their trade war during which both sides would sharply lower trade tariffs.
China is due to release a slew of data, Unlimited Proxies including industrial output, later on Monday.
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