Crude oil prices rally due to easing trade tensions between U.S. and China
- 5 years ago
Crude oil prices rallied on Monday... on the back of an agreement between the U.S. and China to ease trade tensions.
At market close on Monday,... January futures for West Texas Intermediate Crude... was trading at 52-dollars-and-95 cents per barrel.
February futures for Brent Crude settled at 61-dollars-and-89 cents per barrel.
These price gains... represent a more than 4 percent rise from the previous day.
Oil exporters are expected to announce a production cut at the OPEC meeting this week,... which also fueled the crude rally.
At market close on Monday,... January futures for West Texas Intermediate Crude... was trading at 52-dollars-and-95 cents per barrel.
February futures for Brent Crude settled at 61-dollars-and-89 cents per barrel.
These price gains... represent a more than 4 percent rise from the previous day.
Oil exporters are expected to announce a production cut at the OPEC meeting this week,... which also fueled the crude rally.