Nikkei: Japan PM Ishiba weighs US Pres suggestion that Japan buys US oil

The Nikkei is reporting that Japan PM Ishiba is considering US president Trump’s suggestion that Japan by US oil. He says “it’s a possibility that requires further more detailed consideration”.

The price of crude oil is trading down $0.17 at $65.35 to start the US session. The price has been consolidating between $63.97 and $67 since June 24. The current price is trading just above its 100-hour moving average of $65.31 (but trading above and below that moving average today as traders decide the next move).

This article was written by Greg Michalowski at www.forexlive.com.