View full page at energyexch.com

 

Oil prices hit highest in three months as U.S.-China trade deal takes shape

From reuters.com

Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest economies that has raised big questions about global demand for crude. Brent futures LCOc1 climbed 48 cents, or 0.8%, to $64.68 a barrel by 0221 GMT, its highest since Sept. 23. West Texas Intermediate (WTI) crude CLc1 was up 36 cents, or 0.6%, to $59.54 a barrel, the highest since Sept. 16. While a trade deal that would end uncertainty could provide a shot in the arm for oil demand in the near term, concerns continue to hover about the ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis