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Oil Prices Break 3-Day Losing Streak on Trump Trade Remarks


Monday, 26 August 2019 19:23 WIB

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U.S. crude prices turned higher overnight on Monday, breaking a three-day losing streak, as U.S. President Donald Trump said that China was willing to restart trade negotiations.

New York-traded West Texas Intermediate crude futures gained 57 cents, or 1.1%, to $55.33 a barrel by 7:51 AM ET (11:51 GMT), far from the intraday low of $52.98.

Brent crude futures, the benchmark for oil prices outside the U.S., rose 44 cents, or 0.8%, to $59.24, compared to the drop to $57.84 overnight.

Source : Investing.com


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