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

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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.