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U.S. oil prices mark highest finish in more than a week

Wednesday, 19 June 2019 01:53 WIB

Minyak WTI

U.S. oil futures rallied Tuesday as a tweet from President Donald Trump hinted at progress in U.S.-China trade talks, easing the market's worries about a potential slowdown in energy demand. The news also contributed to a sharp climb among benchmark U.S. stock indexes, lifting risk-on sentiment in the market.

July West Texas Intermediate oil rose $1.97, or 3.8%, to settle at $53.90 a barrel on the New York Mercantile Exchange. That was the highest front-month contract finish since June 7, according to FactSet data.

Source: Marketwatch

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