Oil prices edge up on trade-talk optimism, OPEC meeting
Monday, 18 November 2019 18:39 WIB | ENERGY |Minyak WTI

Oil prices inched higher on Monday, extending steady gains from the previous week, with investors awaiting fresh clues over prospects for a trade deal between the United States and China and shrugging off concerns over steadily rising oil supplies.

Brent crude futures were up 11 cents, or 0.2%, to $63.41 a barrel at 0751 GMT. The contract rose 1.3% last week.

West Texas Intermediate (WTI) crude were 21 cents, or 0.4%, higher at $57.93 a barrel, having gained 0.8% last week.

Early in the session, crude prices were mostly flat to their previous close as the market consolidated after Friday™s rally, said Margaret Yang, market analyst at CMC Markets.

Source: CNBC

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