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Fri Jan 11, 2019
Crude Oil on the Rise Again

According to Reuters, Crude Oil prices are on the rise again. Read the below article to learn more. 

"Brent crude LCOc1 futures rose 24 cents, or 0.4 percent, to settle at $61.68 a barrel. The global benchmark posted its first consecutive nine-day winning streak since September 2007.

West Texas Intermediate crude CLc1 ended 23 cents, or 0.4 percent, higher at $52.59 a barrel, also its ninth straight day of gains, that beats a 2010 record.

Earlier in the session, both benchmarks hit their highest in nearly a month. WTI hit a session high of $52.78 per barrel and Brent rose to $61.91 a barrel. Global financial markets have climbed recently on hopes that Washington and Beijing would avert an all-out trade war. The two superpowers concluded three days of talks on Wednesday. But the rise in global markets began to dwindle after the world’s two largest economies issued vaguely positive statements that lacked concrete details." 

*Source: Reuters
* Full news: https://reut.rs/2M4BtHN 


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