Oil steadies on US-China trade hopes and US stockpile increase
Saudi Arabia is restoring oil production quickly after the drone attacks, and there was an surprise 2.4-million barrel build in US crude inventories
26 September 2019 - 14:10
London — Oil steadied on Thursday amid optimism that the US and China can resolve their trade dispute, though prices came under pressure from Saudi Arabia’s moves to restore output quickly after attacks on its oil installations.
Brent crude futures were down 12c, or 0.2%, at $62.27 a barrel by 10.57am GMT. US West Texas Intermediate (WTI) crude futures were little changed, losing 3c to $56.46 a barrel...
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