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
RELATED NEWS
Oil Rises Near Three-Month High on Initial U.S.-China Trade Pact
Friday, 13 December 2019 18:35 WIBOil 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 Advance as Trump Reportedly Agrees to Partial Trade Deal with China
Friday, 13 December 2019 12:49 WIBOil 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 Rises to Three-Month High After Trump Approves Trade Deal
Friday, 13 December 2019 08:39 WIBOil 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 rises on US-China trade deal optimism
Friday, 13 December 2019 02:52 WIBOil 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 Gain as OPEC Revises Deficit Forecast
Thursday, 12 December 2019 20:14 WIBOil 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...
U.S. Core Inflation Modest in November Ahead of Fed Meeting
Lagarde's ECB Keeps Policy Unchanged as Strategy Review Looms
Stocks Open Slightly Lower as Gloomy Trade Clouds Offset Monetary Policy Boost
Gold prices end higher for first time in 3 sessions
Oil Prices Gain as OPEC Revises Deficit Forecast
Gold Steady as Weaker Dollar Offsets Increased Risk Appetite
Friday, 13 December 2019 18:40 WIB
Gold prices were steady on Friday as a weaker dollar helped offset pressures from an increased appetite for riskier assets following reports of a breakthrough in China-U.S. trade negotiations, while palladium scaled a fresh peak.
Spot gold fell...