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