Oil Gains Ahead of US-China Trade Deal, Snapping Four-Day Declines
Tuesday, 14 January 2020 19:03 WIB | ENERGY |Oil,BrentWTIMinyak

Oil prices rose above $64.50 a barrel on Tuesday, snapping four straight days of declines on easing Mideast tensions as the United States and China, the world's top energy consumers, prepared to sign a preliminary trade deal.

Brent crude gained 43 cents, or 0.67%, at $64.63 per barrel by 10:36 GMT. U.S. West Texas Intermediate crude futures rose 32 cents or 0.4% at $58.40 a barrel.

The outlook for oil demand was supported ahead of the signing at the White House on Wednesday of a Phase 1 U.S.-China trade deal, which marks a major step in ending a dispute that has cut global growth and dented demand for oil.

Source : Reuters

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