BCN-15 Oil prices rise on trade optimism

301

ZCZC

BCN-15

US-ENERGY-OIL-PRICE

Oil prices rise on trade optimism

NEW YORK, Dec. 14, 2019 (BSS/Xinhua) – Oil prices rose on Friday as trade
optimism lifted investors’ sentiment.

China and the United States have agreed on the text of a phase one economic
and trade agreement based on the principle of equality and mutual respect,
according to a statement issued by the Chinese side Friday.

The West Texas Intermediate for January delivery increased 0.89 U.S. dollar
to settle at 60.07 dollars a barrel on the New York Mercantile Exchange.
Brent crude for February delivery added 1.02 dollars to close at 65.22
dollars a barrel on the London ICE Futures Exchange.

BSS/XINHUA/HR/1410