Oil on the verge of logging longest streak of gains in about 18 months
Tuesday, 8 January 2019 18:59 WIB | ENERGY |Minyak jenis BrentMinyak WTI Berjangka

Oil futures Tuesday headed higher, poised for their seventh straight gain amid efforts to curb output and measured optimism around U.S.-China trade talks, which were seen as making progress.

West Texas Intermediate crude oil for February delivery rose 74 cents, or 1.5%, to trade at $49.26 a barrel on the New York Mercantile Exchange. Futures for the U.S. benchmark contract were on pace to post the lengthiest win streak since an eight-session period ended July 3, according to FactSet data.

Global benchmark March Brent crude added 92 cents, or 1.6%, to $58.25 a barrel on ICE Futures Europe, which also would mark the longest string of gains in about 18 months.

Marketwatch

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