Oil set for third weekly gain on brighter economic outlook
Both Brent and WTI are heading for a rise as US-China trade tension eases, lifting oil demand prospects
20 December 2019 - 15:21
London — Oil prices were set for a third straight weekly gain despite a Friday fall after easing US-China trade tensions lifted business confidence and the outlook for global economic growth.
Brent was down 28c at $66.26 a barrel by 11.16am GMT, equivalent to a weekly rise of about 1.6%, while US West Texas Intermediate (WTI) crude was down 29c at $60.89 a barrel, a gain of about 1.4% on the week...
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