On Wednesday, Oil increased registering earnings in stocks, while traders started to question that a possible Brexit agreement between the UK and the European Union will happen. Signs from OPEC that additional supply cuts could be possible also support the oil prices.
However, profits were restricted because of the remaining fears of a global economic retardation. US West Texas Intermediate (WTI) crude rose 16 cents to $52.96 a barrel. Brent crude oil futures gained 21 cents to $58.94, up about 0.3% from its previous conclusion.
China warns US with countermeasures
Daily Analysis - 16/10/2019