Markets Insights

Oil prices, US-China trade ties in spotlight

Analysts keep watch for potential impact with US set to announce new tariffs on China

Oil prices are set to slip again, in the wake of a key weekend meeting on output volumes - a development that could move markets at the re-open on Monday.

The Organisation of the Petroleum Exporting Countries has announced that it would raise production, but did not say by how much or from where. Saudi Arabia is reportedly flexing its muscle in the group to find a price ceiling that will please producers and traders alike.

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A version of this article appeared in the print edition of The Straits Times on June 25, 2018, with the headline 'Oil prices, US-China trade ties in spotlight'. Print Edition | Subscribe