Dollar Advisory Financial Services : Commodity Market Update

Oil prices recouped some of the previous day's losses after Beijing said it would send a delegation to Washington in an attempt to resolve trade disputes between the United States and China that have roiled global markets. US West Texas Intermediate (WTI) crude futures traded at $65.16 per barrel, up 0.23 percent, from their last settlement. International Brent crude oil futures were up 0.57 percent, at $71.16 per barrel. Both benchmarks lost more than 2 percent the previous day.
Traders said Thursday's market moves followed in the slipstream of a statement by China's Ministry of Commerce that it would send a delegation led by vice commerce minister Wang Shouwen to the United States for trade talks in late August. The talks are at the invitation of the United States and will be held with U.S. Under Secretary of Treasury for International Affairs David Malpass, the commerce ministry said. Reuters reported.For more information about commodity tips please visit : www.dollaradvisory.com and call : 9111179961