Oil extends gains, Brent jumps above $65

Economies.com
2019-12-13 17:31PM UTC

Oil prices rose today, to extend gains after the between the world's two largest economies announced that they officially agreed on the terms of the phase one of the final trade deal.

 

The Trump administration announced that they have officially agreed on the terms of the phase one of the final trade deal and started immediately to negotiate the phase two, and that canceled the tariffs hike decision against China, which was due next Sunday.

 

After the announcement, and the two sides starting immediately to negotiate the phase two, stocks, oil and risk assets surged.

 

Baker Hughes will release later today the US drilling activities data for the current week.

 

West Texas Intermediate crude (WTI) rose by 1.3% to $59.9 as of 17:03 GMT, with a session-high of $60.4 and a low of $59.2. 

 

Brent rose by 1.5% to $65.1 a barrel, and hit a high of $65.7 and a low of $64.5.

Commodities News

Gold News

Commodities

Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Gold News

Commodities

Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Gold News

Commodities

Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Brent Oil Price Analysis Expected Scenario The Brent oil price bounced downwards strongly ...
Oil Analysis

Commodities

Crude oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price couldn’t manage to hold ...
Silver Analysis

Commodities

Silver price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Silver Price Analysis Expected Scenario Silver price returns to test the key support at ...