Oil Steady Ahead of Data Seen Confirming Sluggish China Growth
Friday, 17 January 2020 09:26 WIB | ENERGY |Crude OilOil,brent oilMinyak WTI

Oil prices were steady on Friday as investors braced for data expected to show China™s economic growth last year slid to its slowest pace in 29 years, holding on to gains for now after Washington and Beijing inked a long-awaited trade deal.

Brent was 3 cents higher at $64.65 by 0123 GMT, after gaining nearly 1% on Thursday. U.S. crude was up 6 cents at $58.58 a barrel, having risen more than 1% the previous session.

The Phase 1 accord between the world™s top two economies helped boosted the outlook for global trade, pushing oil prices higher on Thursday. That mood was further boosted after the U.S. Senate approved changes to the U.S.-Mexico-Canada Free Trade Agreement following the signing of the Phase 1 deal.

Source : Reuters

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