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Showing posts with the label Crude Oil Prices

Crude Oil Prices - Weekly Outlook: January 21

investing.com  - 25 4-5 minutes © Reuters. Investing.com - Oil traders will be watching for more this week, after prices enjoyed a third weekly gain in a row on hopes the United States and China would strike a deal to end a trade war between the world's two biggest economies. Futures rallied on Friday following reports suggesting both countries were considering concessions ahead of a Washington visit from Chinese Vice Premier Liu He on Jan. 30 and 31 for talks aimed at resolving the ongoing U.S.-China trade standoff. The biggest weekly decline in the U.S. oil-rig count in nearly three years, based on Baker Hughes data, also contributed to oil’s gains on Friday. U.S. ended Friday's session up $1.68, or 3.2%, at $54.04 a barrel on the New York Mercantile Exchange. WTI earlier rose to its best level since Dec. 7 at $54.14. For the week, the U.S. benchmark rose about 4.3%. Meanwhile, the

US crude plunges, posting its worst daily performance in over a year I CNBC.

cnbc.com US crude plunges, posting its worst daily performance in over a year Tom DiChristopher