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Oil Holds Near 1-Week High Amid U.S.-China Trade Deal Optimism


Tuesday, 5 November 2019 07:37 WIB

Minyak WTIbrent oilOil,Crude Oil


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Oil held near a one-week high in early Asia trading as investors digested signals that a U.S.-China trade deal is imminent.

Futures in New York were steady after ending Monday’s session 0.6% higher. Chinese government officials are considering locations in the U.S. where leader Xi Jinping would meet U.S. President Donald Trump to sign a trade accord, people familiar with the plans said.

West Texas Intermediate for December delivery was down 7 cents at $56.47 a barrel on the New York Mercantile Exchange at 10:26 a.m. Sydney time.

Dec. WTI rose 34 cents to settle at $56.54 a barrel on Monday, the highest since Oct. 25

Brent for January settlement added 44 cents on Monday to close at $62.13 on the London-based ICE Futures Europe Exchange.

Source : Bloomberg


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