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Oil Advances After Record January Gain on Trade Deal Optimism


Friday, 1 February 2019 08:03 WIB

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Oil rose after scoring its best January gain on record on signs of progress in U.S.-China trade negotiations.

WTI for March delivery climbed as much as 30c to $54.09/bbl on Nymex, trades at $53.94/bbl at 9:05am in Tokyo. Contract -44c to $53.79 on Thursday.

March Brent +24c to $61.89/bbl on ICE Futures Europe exchange before expiring Thursday. Brent ended session at $8.10 premium to WTI for the same month.

Source : Bloomberg


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