Oil Gains, Holds Near 2-Month High as Looming OPEC Meeting Expected to Yield Deeper Cuts
Tuesday, 26 November 2019 04:08 WIB | ENERGY |Crude OilOil,brent oilMinyak WTI

Oil prices recovered late Monday after a mostly down day, having gained in three of the past four sessions.

Prices remained near the two-month closing highs scored last Thursday as œthe trifecta of positivity: U.S.-Sino trade talk optimism, OPEC+ compliance and a sturdy U.S. macro data scrim, should continue to resonate with oil bulls, said Stephen Innes, chief Asia market strategist with AXI Trader.

West Texas Intermediate crude futures for January delivery closed up 24 cents, or 0.4%, to $58.01 a barrel on the New York Mercantile Exchange. January Brent crude the global benchmark, gained 26 cents, or 0.4%, at $63.65 a barrel on ICE Futures Europe.

Source : Marketwatch

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