Oil Rises on U.S. Crude Draw Surprise, but China Caps Gains
Thursday, 9 May 2019 02:36 WIB | ENERGY |Cadangan Minyak Mentah ASMinyak WTI Berjangka

Dashed expectations for a U.S.-China trade deal after President Donald Trump's threatening tweet on more tariffs for Beijing wore crude futures down for two-straight sessions. But the EIA helped crude longs on Wednesday with an overwhelmingly bullish data set.

West Texas Intermediate futures, the benchmark for U.S. crude, were up 61 cents, or 1%, at $62.01 per barrel, after finishing the previous session at $61.40, the lowest settlement since March 29.

London Brent futures, the global benchmark for oil, rose 44 cents, or 0.7%, to $70.32 a barrel after a 2% tumble Tuesday.

Source: Investing.com

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