Oil prices were little changed on Friday in Asia amid reports that U.S. and China are making progress in trade negotiations, while a private survey released earlier in the day reinforced fears of an economic slowdown in China.
The Caixin/Markit index of manufacturing for January fell a second straight month and reached 48.3 from last months 49.7. Analysts previously expected only a marginal drip for January to 49.5.
Crude Oil WTI Futures last traded at $53.78 per barrel at 1:56 AM ET (06:56 GMT), down 0.02%. For January, it rose 18.5% for its best advance since April 2016. According to Reuters, that near-19% gain also made it WTI's best January on record.
Brent Oil Futures, the global oil benchmark, edged up 0.1% to $60.89. Brent was up about 15% in January, also the best monthly gain since April 2016.
Source : Investing.com