[Tokyo 30th Reuters]-Crude oil futures in Asia time remained weak. Concerns about the global economy against the backdrop of trade disputes between the United States and China are weighting the market.
As of 0050GMT (9:50 am Japan time), US WTI crude futures <CLc1> is $ 0.06 (0.1%) lower per barrel = $ 56.65. However, the decline in US crude oil stock and the hurricane's approach to Florida in the week are expected to push up and increase over 4% in the week.
The North Sea Brent futures market price <LCOc1> is $ 60.98, down $ 0.10 (0.2%).
The Chinese Ministry of Commerce and the US and China talked about the face-to-face talks in September, but the US side said it was important to create a good environment. [nL3N25Q07V]
As Hurricane Dorian approaches Florida, there is a growing concern that offshore oil production will be adversely affected if it reaches the Gulf of Mexico on the weekend. According to the National Hurricane Center (NHC), Dorian is expected to develop into the second strongest "Category 4" on September 1st. [nL3N25P4IB]
US oil major Chevron <CVX.N> spokesman said on May 29 that the refinery in Pascagoula, Mississippi is carefully watching Dorian's career.
