Oil set for weekly gain ahead of US-China trade talks

WTI Oil: Regains Levels Above $60 as Signals of US-China Trade Talks Ease Tensions - Action Forex

WTI Oil regains levels above $60 as signals of US-China trade talks ease tensions. WTI oil keeps firm tone and attempts to hold gains above pivotal $60 barrier (psychological / Fibo 50% retracement of $64.70/$55.14 bear-leg). The price rose around 4% on Thursday, inflated by fresh optimism after US and China announced start of trade […] The post WTI Oil: Regains Levels Above $60 as Signals of US-China Trade Talks Ease Tensions appeared first on …

Week in Review: Fuel Prices Climb on Trade Talks and US Supply Strains - Mansfield Energy

Oil prices climbed on Friday, with both Brent and WTI benchmarks nearing 10-day highs and on track to rise more than 4% for the week. Brent crude was up $1.22 to $64.06/bbl, while WTI rose $1.26 to $61.17/bbl. The increase was brought on by easing trade tensions between the U.S. and China, the world’s two largest oil consumers. Bullish sentiment was fueled by President Trump’s comments suggesting a willingness to lower tariffs on China, paired w…

Stocks eke out gains ahead of US-China trade talks

Markets initially seemed indifferent to what appeared to be a de-escalation of the U.S.-China trade rift by President Donald Trump, who floated cutting tariffs on China from 145% to 80%.

Oil set for weekly gain ahead of US-China trade talks

Brent crude firmed by $1.19, or about 1.9%, to $64.03 a barrel by 1021 GMT