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Oil Prices Trade Higher After Finishing Last Week With 3% Loss


Monday, 4 March 2019 20:12 WIB

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Crude-oil futures on Monday headed higher, amid fresh developments in U.S.-China trade negotiations that could result in a resolution to the protracted dispute—a potentially boon for demand for crude.

April West Texas Intermediate crude added 37 cents, or 0.7%, to reach $56.17 a barrel on the New York Mercantile Exchange. On Friday, the contract booked a roughly 2.6% weekly decline, according to Dow Jones Market Data.

Global benchmark May Brent gained 54 cents, or 0.8%, to trade at $65.61, on ICE Futures Europe. Prices based on the front-month contract saw a weekly loss of 3.2% on Friday.

Source : Market Watch


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