New oil tanker explosion shakes oil prices

On Friday Oil rose, growing on profits in the previous trading day, following the producer club OPEC that indicated that it will be moving towards longer cuts in supply while confidence was restored covering talks between the United States and China to achieve an agreement.

U.S. West Texas Intermediate (WTI) crude futures surged 16 cents to $53.70 per barrel. International benchmark Brent crude futures moved up 16 cents to $59.25 a barrel.

On Friday morning the U.S. stock futures moved higher following President Donald Trump's announcement and the positive comments concerning the U.S.-China trade discussions.

Dow futures increased more than 90 points, registering a positive start of almost 120 points at around 02:45 a.m. S&P and NASDAQ futures were slightly higher. On Thursday Trump informed reporters that discussions between the two nations were going “really well.” His positive remarks appeared after the tweet that he will meet with Chinese vice Premier at the White House on Friday.