Oil Set For Weekly Gain on China Trade Deal Hope ...Middle East

OILPRICE - Economy
Oil Set For Weekly Gain on China Trade Deal Hope
source : OILPRICE ( Middle East ) () 31
Crude oil prices were set for a weekly gain after a string of losses on the news of a trade war ceasefire between the U.S. and China, which sparked hopes the two would come to a mutually beneficial understanding that would end the tariff spat. At the time of writing, Brent crude was trading at $64.64 per barrel and West Texas Intermediate was changing hands for $61.72 per barrel, both up, albeit moderately, from the start of the week. According to Reuters, the weekly gain will be about 1%. The modesty of the weekly gain is likely related to a couple…

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