Oil Prices Edge Up, But U.S.-China Trade Tensions Cap Gains

www.oann.com | 5/13/2019 | Staff
marika (Posted by) Level 3
SYDNEY (Reuters) – Oil prices inched higher on Tuesday, though gains were checked amid an escalation in the trade war between the United States and China.

Brent crude futures were at $70.27 a barrel at 0104 GMT, up 6 cents, or 0.1%, from their last close. Brent ended the previous session little changed.

US - West - Texas - Intermediate - WTI

U.S. West Texas Intermediate (WTI) crude futures were at $61.17 per barrel, up 12 cents, or 0.2%, from their previous settlement. WTI closed the last session steady on the day.

Analysts said the U.S.-China trade war was overshadowing the market, though market fundamentals provided some support.

Trade - War - Consequences - Growth - Upside

“A full-blown trade war would have lasting consequences on global growth, seriously limiting the upside for energy demand. Disruptions have balanced...
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