Oil Rises Amid Optimism on Trade Talks, Turkish Military Action
Wednesday, 9 October 2019 18:07 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil erased losses amid optimism on trade talks scheduled to take place in Washington and signs of unrest near the border between Turkey and Syria.

Futures added as much as 1.3% in New York, after falling in the previous 2 sessions. China remains open to agreeing to a partial trade deal with the U.S., according to an official with direct knowledge of the talks.

West Texas Intermediate for November delivery rose 59 cents to $53.22 a barrel on the New York Mercantile Exchange as of 11:19 a.m. London time. Earlier it rose as high as $53.33.

Brent for December settlement gained 71 cents, or 1.2%, to $58.95 a barrel on the London-based ICE Futures Europe Exchange. The global benchmark crude traded at a $5.62 premium to WTI for the same month.

Source : Bloomberg

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