Caspian Energy Journal Caspian European Club
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 ( 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.

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Person in charge of the newsline: Olga Nagiyeva 

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