Oil rises on hopes of progress in US-China trade discussions
Opec+ meets on December 5 and some analysts think the supply cut deal could be extended to the end of 2020
26 November 2019 - 13:21
London/Tokyo — Oil prices rose on Tuesday on hopes of progress towards a trade agreement between the US and China, the world’s biggest oil users, and predictions of a draw in US crude inventories.
Brent crude, the international benchmark for oil prices, was up 20c at $63.85 at 9.58am GMT. West Texas Intermediate (WTI) crude rose 19c to $58.20...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.