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Oil Prices Fall, Brent Drops Away From $70


Friday, 5 April 2019 08:35 WIB

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Oil prices fell on Friday, with Brent slipping away from the $70 mark after briefly rising above that level in the previous session, as traders fretted about progress in U.S.-China talks to end a trade war.

International benchmark Brent futures dropped 23 cents, or 0.3 percent, to $69.17 a barrel by 0040. On Thursday, they closed 9 cents higher after touching a session high of $70.03, the highest since Nov. 12.

U.S. West Texas Intermediate (WTI) crude was down 2 cents at $62.08. The contract fell 36 cents in the previous session, having hit $62.99 on Wednesday, its highest since November.

U.S. President Donald Trump said on Thursday a trade deal with China was getting very close and could be reached in about four weeks, but he said sticking points included tariffs and intellectual property theft.

Source : Reuters


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