Oil climbs higher as trade tensions ease

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  • Economy
  • 7 months ago
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Oil prices have climbed as the U.S. and China seem to be coming closer to an agreement which has eased the worries surrounding global growth.

International Brent crude oil futures were up 0.2% at $67.26 per barrel while the U.S. WTI futures climbe equally by 0.2% at $57.81 per barrel.

U.S. energy firms this week cut the number of oil rigs operating for the first time in three weeks sinc they hit an al time high.

Mexico in the meantime has produced 1.62 million barrels per day which is the lowest in any month ovr a period of 30 years.




Source: Smart Trend Team