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