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Oil prices edge up on trade-talk optimism, OPEC meeting


Monday, 18 November 2019 18:39 WIB

Minyak WTI


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Oil prices inched higher on Monday, extending steady gains from the previous week, with investors awaiting fresh clues over prospects for a trade deal between the United States and China and shrugging off concerns over steadily rising oil supplies.

Brent crude futures were up 11 cents, or 0.2%, to $63.41 a barrel at 0751 GMT. The contract rose 1.3% last week.

West Texas Intermediate (WTI) crude were 21 cents, or 0.4%, higher at $57.93 a barrel, having gained 0.8% last week.

Early in the session, crude prices were mostly flat to their previous close as the market consolidated after Friday’s rally, said Margaret Yang, market analyst at CMC Markets.

Source: CNBC


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