Oil rises on progress in US-China trade talks
However, US crude stockpiles grew for a sixth week, but Goldman Sachs winds back its forecast for growth in US shale oil output in 2020
22 October 2019 - 13:30
London — Oil prices rose on Tuesday after China signaled progress in trade talks with the US, but gains were capped by bearish forecasts of a build-up in US crude stockpiles.
Brent crude oil was up 31c at $59.27 a barrel by 10.21am GMT, while US West Texas Intermediate (WTI) crude was 16c higher at $53.47 a barrel...
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