# Crude futures stable in Asia trade amid cautious optimism after overnight rally | S&P Global

> Crude futures were largely stable in Asian trade on May 6, 2020 after an overnight rally. ICE Brent July was up 8 cents at $31.05 and NYMEX June was up 1 cent at $24.57. Traders stayed cautious as US-China tensions rose over tariffs and supply chains.

- Date: 2020-05-06 · published 2020-05-06T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/8049-crude-futures-stable-in-asia-trade-amid-cautious-optimism-after-overnight-rally
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Stable crude after a rally signals a pause in energy-driven price pressure, while US-China trade tensions raise the risk of lower Chinese demand for US commodities.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/050620-crude-futures-stable-in-asia-trade-amid-cautious-optimism-after-overnight-rally

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.