Thursday, 14 February 2019 03:33 WIB |
Oil futures settled higher Wednesday, with the global benchmark marking its highest close since November, buoyed by reports of further reductions to global output and optimism around constructive U.S.-China trade negotiations.
U.S. benchmark prices, however, finished below the session's best level, after data showed a fourth straight weekly rise in domestic crude supplies.
March West Texas Intermediate crude oil added 80 cents, or 1.5%, to settle at $53.90 a barrel on the New York Mercantile Exchange, off the intraday high of $54.60. It saw its highest settlement since Feb. 6, according to Dow Jones Market Data.
April Brent crude the international benchmark, gained $1.19, or 1.9%, to end at $63.61 a barrel on ICE Futures Europe, with the front month marking the highest finish since Nov. 19.
Source : Marketwatch