1. U.S. – China Outline a Deal to End Trade War
The United States and China race to achieve a deal that would prevent a tariff increase on Chinese goods by March 1. Predictions say that there is a significant progress and are positive toward ending a seven-month trade war.
2. U.S. Durable Goods Orders
Today’s economic calendar is quite busy . The December report on durable goods orders will be in the center and will be announced at 13:30 GMT. The consensus forecast is for an increase of 0.8% last month.
3. Weekly Oil Supply Report
The U.S. Energy Information Administration will release its official weekly oil supplies report for the week ended Feb.15 at 16:00 GMT. Analysts expect a gain of 3.0 million barrels in crude supplies. U.S. West Texas Intermediate crude futures were up 5 cents, or roughly 0.1%, at $57.21 a barrel, close to 2019 highest level at $57.55.
Will Oil reach it’s highest Level Today?