Oil prices edge lower on economic concerns, but geopolitics support

Oil prices declined on Friday, with Brent slipping from the $70 mark reached the previous day, but both main contracts were set for weekly gains on mounting geopolitical risks. Brent crude futures dropped 25 cents to $69.15 a barrel by 1204 GMT, having touched $70.03 in the previous session, its highest since November 12. US West Texas Intermediate (WTI) crude fell by 13 cents to $61.97, having hit their highest since November 7 on Wednesday at $62.99. Brent and WTI are on track for their second and fifth consecutive weeks…

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Centre Didn’t Pay HAL For Delivered Products, But Paid Dassault: Congress

Senior Congress leader Ahmed Patel made the allegations against the Centre on Twitter. New Delhi:¬†Stepping up the Congress’s attack on the Centre over Hindustan Aeronautics Limited’s (HAL) reported cash crunch, senior party leader Ahmed Patel on Monday alleged that the government had not paid the aerospace major for delivered products, but paid foreign vendors like Dassault for products yet to be delivered. The Congress and the BJP-led NDA government are involved in a war of words over the financial condition of the HAL. “Very disturbing that the Government has not…

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China upbeat ahead of US trade talks, but differences large

China has sounded a positive note ahead of trade talks this week with Washington, but the two sides face potentially lengthy wrangling over technology and the future of their economic relationship. Both sides have expressed an interest in settling their tariff fight over Beijing’s technology ambitions. Yet neither has indicated its stance has changed since a December 1 agreement by presidents Donald Trump and Xi Jinping to postpone further increases. Envoys will have “positive and constructive discussions” during meetings Monday and Tuesday, said Chinese Foreign Ministry spokesman Lu Kang. The…

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