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Oil prices rise on optimism over Sino-US trade talks extension

Jan 09, 2019 - Marketline Newswire

Oil prices have increased 2% over increased expectations on positive output following the extension of trade talks between the US and China.

International Brent crude futures rose $1.09, or 1.86%, at $59.81 per barrel, while US West Texas Intermediate (WTI) crude oil futures stood at $50.82 per barrel, up $1.04, or 2.09%, Reuters reported.Stephen Innes at Oanda told the news agency: “After a dreadful December for risk markets, crude oil continues to catch a positive vibe.”The t...