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Friday, 04 January 2019 11:00

Oil edges higher

Oil edges higher

Oil prices edged up on Friday, shaking off previous losses after China said it would hold talks with the U.S. government on Jan. 7-8 to look for solutions to the trade disputes between the world’s two biggest economies, Caspian Energy News (www.caspianenergy.net) reports with reference to Reuters.

International Brent crude futures were at $56.12 per barrel, up 17 cents, or 0.3 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude oil futures were at $47.25 per barrel, up 16 cents, or 0.3 percent.

Both crude benchmarks were down earlier in the session on concerns that the Sino-American trade war would lead to a global economic slowdown.

More details: https://www.reuters.com/article/us-global-oil/oil-edges-higher-on-upcoming-china-u-s-trade-talks-opec-cuts-idUSKCN1OY02J

Person in charge of the newsline: Olga Nagiyeva 

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