Crude Oil Oil prices rose again on Monday with growing optimism about resolution to the US-China tariff war. Brent futures rose 44 cents to settle at $62.13 a barrel. WTI crude futures rose 34 cents to settle at $56.54 a barrel.. Chinese President Xi Jinping and U.S. President Donald Trump have been in continuous touch through “various means,” China said on Monday, when asked when and where the two leaders might meet to sign a…
Read MoreCrude Oil Oil prices rose nearly 4% on Friday on signs of progress in U.S.-China trade talks and stronger-than-expected economic data in both countries. Brent futures rose $ 2.07 to settle at $61.69 a barrel. WTI crude futures rose $ 2.02 to settle at $56.20 a barrel.. For the week, Brent dropped 0.4% while WTI fell about 0.8% in the week. U.S.-China trade talks are progressing well and the United States aims to sign an…
Read MoreCrude Oil Oil prices fell on Thursday after data showed weak factory activity in China. However, Brent prices staged a smart recovery to end the day marginally positive. The expiring Brent December contract fell 38 cents to settle at $60.23 a barrel. The January contract settled at $59.62 a barrel. WTI crude futures fell 88 cents to settle at $54.18 a barrel.. Official data from China showed factory activity shrank for a sixth straight month…
Read MoreCrude Oil Oil prices fell for a fourth day on Wednesday, extending losses after a surge in U.S. inventories surprised investors. However, Brent prices staged a smart recovery to end the day marginally positive. Brent crude futures fell 98 cents to settle at $60.61 a barrel. WTI crude futures fell 48 cents to settle at $55.06 a barrel.. The huge build overshadowed an interest rate cut by the Federal Reserve for a third time this…
Read MoreCrude Oil Oil prices stayed in the negative zone for most of Tuesday. However, Brent prices staged a smart recovery to end the day marginally positive. Brent crude futures rose 2 cents to settle at $61.59 a barrel. WTI crude futures fell 27 cents to settle at $55.54 a barrel.. Brent futures fell to as low as $60.66 before recovery WTI registered a low of $ 54.61. The United States and China were continuing to…
Read More