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Oil Rises as Trade Jitters Ease


Friday, 30 August 2019 02:35 WIB

Minyak WTIMinyak jenis Brent


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Crude oil prices rose on Thursday and look set to notch a weekly win as the U.S.-China trade war seemingly took an unexpected turn for the better, with Beijing suggesting it was ready to cooperate on trade talks.

On the New York Mercantile Exchange crude futures rose 1.7% to settle at $56.71 a barrel, while on London's Intercontinental Exchange, Brent added 0.98% to $60.52 a barrel.

Much to the relief of many who fear the ongoing U.S.-Sino trade war will dent global economic growth and stifle oil demand, the Chinese Ministry of Commerce said it is willing to ''negotiate and collaborate.''

Source: Investing.com


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