Oil prices rise on China-U.S. trade talks, OPEC cuts
Friday, 4 January 2019 14:12 WIB | ENERGY |BrentMinyak WTI

Oil prices rose on Friday, shaking off early losses after China said it would hold talks with the U.S. government on Jan. 7-8 to look for solutions to a trade dispute between the world's two biggest economies.

Brent crude futures were at $56.33 per barrel at 06.38 GMT, up 38 cents, or 0.7 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude oil futures were at $47.73 per barrel, up 64 cents, or 1.4 percent.

Both benchmarks are on track for solid gains in the first week of 2019 trading despite rising concerns that the Sino-American trade war will lead to a global economic slowdown.

Reuters

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