Oil prices rose on Thursday, propelled higher by the long-anticipated signing of an initial trade deal between Washington and Beijing that sets the stage for a potentially huge increase in energy supplies from the United States to China.
U.S. energy exports to China, mostly crude oil and natural gas, will climb as the world's two largest economies struck a trade agreement after a more than year-long tariff war, executives and traders said on Wednesday.
U.S. stocks pared early gains but closed at record highs on Wednesday after the United States and China signed a Phase 1 trade deal that ended 18 months of uncertainty and will roll back some tariffs and boost Chinese purchases of U.S. goods and services.
U.S. Vice President Mike Pence said on Wednesday that discussions had already begun on a "Phase 2" U.S.-China trade deal, hours after Washington and Beijing signed an initial trade pact that defused some tensions but left some major issues unresolved.
Tesla Inc's overall vehicle registrations nearly halved in the U.S. state of California during the fourth quarter, according to a Dominion Cross-Sell report, which collates data from state motor vehicle records.
World stocks inched to a record high on Thursday after the United States and China signed a deal to defuse their 18-month trade war, which has weighed on global economic growth and hampered investments.
A top Mexican official on Wednesday welcomed the signing of an initial trade deal between the United States and China, even though it could signal an end to benefits Mexico has enjoyed from an 18-month dispute between the world's top two economies.
China will boost spending on U.S. products in exchange for the rolling back of some tariffs under an initial trade deal signed by the world's two largest economies on Wednesday, defusing an 18-month row but leaving numerous thorny issues unresolved.
Oil prices rose on Thursday after the signing of an initial Sino-U.S. trade deal that sets the stage for a surge in Chinese purchases of American energy products, while U.S. crude inventories fell more than expected.
Ousted Nissan Motor Co boss Carlos Ghosn's lawyer, Junichiro Hironaka, has resigned following his client's flight to Lebanon, NHK reported on Thursday, citing comments from the lawyer.
World stocks inched ahead to a record high on Thursday after the United States and China signed an initial deal to defuse their 18-month trade war, though financial markets were wary as a number of thorny issues remained unresolved.
Malaysia's palm oil exports to China jumped 33.9% in 2019 to 2.49 million tonnes but Beijing's latest trade deal with the United States could limit gains this year, a Malaysian palm official said on Thursday.
Japanese online retailer Rakuten and Walmart's Seiyu said they plan to open a new logistics site in Yokohama later this year to deal with growing sales from their joint online supermarket business.
China and the United States have agreed to terms of a Phase 1 trade deal on Jan 15 but Beijing has not reduced or waived tariffs on any commodities or energy further.
The U.S.-China trade war is set to enter a new, quieter phase on Wednesday as U.S. President Donald Trump and Chinese Vice Premier Liu He sign an initial trade deal that aims to vastly increase Chinese purchases of U.S. manufactured products, agricultural goods, energy and services.