Oil prices inched up on Thursday, buoyed by hopes that potential progress in the latest Sino-US tariff talks would improve the global economic outlook.
US West Texas Intermediate (WTI) crude futures were at $53.76 per barrel at 2338 GMT, up 10 cents, or 0.2 percent, from their last settlement. They closed up 1.5 percent on Wednesday, having touched their highest since February 5 at $54.60 a barrel.
International Brent crude oil futures had yet to trade. They closed the previous session up 1.9 percent, after marking their strongest since November 21 at $63.98 a barrel.
Optimism that a trade deal could be reached between the United States and China was boosted when US President Donald Trump said talks were going “very well”. Read More
Latest posts by CNBC (see all)
- Indian Oil buys commissioning cargo of LNG for new Ennore terminal - February 18, 2019
- Petrol, diesel prices edge up across all cities. Check rates here - February 18, 2019
- Petrol, diesel prices rise for 2nd day. Check rates here - February 15, 2019