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Oil firms after two days of losses; eyes on Trump address


Wednesday, 6 February 2019 08:25 WIB

Minyak WTIMinyak jenis Brent


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Oil prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the global economy capped gains.

U.S. West Texas Intermediate (WTI) crude futures were at $53.76 per barrel at 2338 GMT, up 10 cents, or 0.2 percent, from their last settlement. They closed down 1.7 percent on Tuesday.

International Brent crude oil futures had yet to trade, after closing down 0.8 percent in the previous session.

Global economic worries have weighed on market sentiment in recent days, offsetting support from signs that global supplies are tightening.

With a nervous market, traders are focused on the U.S. State of the Union address by President Donald Trump at 0200 GMT.

Source: Reuters


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