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Oil hits new 2019 high on U.S.-China trade talk hopes

Oil hits new 2019 high on U.S.-China trade talk hopes

66 cents from Thursday’s close. They traded 33 cents higher at $67.40 a barrel by 1444 GMT, Trend reports referring to Reuters.

U.S. West Texas Intermediate (WTI) crude futures were up 47 cents at $57.43 per barrel, after hitting a new 2019 high of $57.81 earlier on Friday.

Further gains were tempered by U.S. crude oil production hitting a record 12 million barrels per day (bpd) and a surge in exports from the country.

 

Masaim Abdullayev,
“Khalq qazeti”

23 2019 13:58 -

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