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U.S. Oil Prices Up a 4th Straight Session, But Global Prices Fall From 2019 Highs


Friday, 15 March 2019 02:34 WIB

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Oil futures split ways on Thursday, with U.S. prices up a fourth straight session after recent data revealed a weekly decline in domestic supplies, but global prices ending lower in the wake of a reported delay in the U.S.-China trade discussions and a slowdown in OPEC output cuts.

April West Texas Intermediate crude rose 35 cents, or 0.6%, to settle at $58.61 a barrel on the New York Mercantile Exchange, logging a fourth straight session climb. It settled at its highest since mid-November, according to FactSet data.

May Brent crude meanwhile, edged down by 32 cents, or 0.5%, to $67.23 a barrel on ICE Futures Europe. It settled at a four-month high a day earlier.

Source : Marketwatch


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