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Mettis Global News
Mettis Global News

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International Oil prices rise on account of easing trade tensions between US-China

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December 13, 2018 (MLN): Oil prices scaled up on Thursday, lifted by a draw down in inventories in the U.S. and by signs of easing trade tensions between US and China.

Oil prices have also been supported by OPEC-led supply curbs announced last week, although gains have been muted after the producer group lowered its 2019 demand forecast.

U.S. West Texas Intermediate (WTI) crude futures were at $51.43 per barrel at 0230 GMT, up 0.57 percent from their last settlement.

International Brent crude oil futures were 0.6 percent higher at $60.50 per barrel.

 

Posted on: 2018-12-13T10:58:00+05:00

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