Oil futures ended higher on Tuesday, extending crude™s winning streak to three sessions, as bulls continued to find encouragement in signs of tightening supplies and fading worries over global economic growth.
The optimism has spread through investment banks, with many bumping up their price predictions for 2019, according to a Wall Street Journal poll.
West Texas Intermediate crude for May delivery on the New York Mercantile Exchange rose 99 cents, or 1.6%, to close at $62.58 a barrel ” its highest finish since Nov. 5.
The global benchmark, June Brent crude settled 36 cents higher, up 0.5%, at $69.37 a barrel on the ICE Europe exchange, its highest close since Nov.12.
Source : Marketwatch
Oil rose near the highest level in almost three months after U.S. President Donald Trump signed off on a partial trade deal with China, giving a boost to the fragile outlook for global oil demand. Futures climbed 1.1% to almost $60 a barrel in New York, and are on track for a slight weekly increase...
Oil prices advanced on Friday in Asia as U.S. President reportedly agreed to a partial deal with China to pause the trade war. U.S. Crude Oil WTI Futures rose 0.5% to $59.48 by 12:01 AM ET (04:01 GMT), while International Brent Oil Futures gained 0.6% to $64.61. Washington has agreed to not impose...
Oil rose to the highest level in almost three months after U.S. President Donald Trump signed off on a limited trade deal with China, improving the global demand outlook. West Texas Intermediate for January delivery rose 32 cents, or 0.5%, to $59.50 a barrel on the New York Mercantile Exchange...
Oil prices rose nearly 1% on Thursday after U.S. President Donald Trump said Washington was œvery close to nailing down a trade deal with China. Brent crude futures rose 67 cents, or 1%, to $64.39 a barrel. West Texas Intermediate crude futures gained 42 cents, or 0.7%, to settle at $59.18 a b...
Oil prices edged higher on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in U.S. crude inventories. Brent futures rose 44 cents, or 0.7% to $64.16 a barrel, after skidding 1% on Wednesday on t...