Oil prices inch up amid US stockpile drop, signs of easing trade tensions [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Oil prices inch up amid US stockpile drop, signs of easing trade tensions Oil prices edged up on Thursday, buoyed by a draw down in inventories in the U.S. and by signs of easing trade tensions between Washington and Beijing. Oil prices have also been supported by OPEC-led supply curbs announced last week, although gains have been muted after the producer group lowered its 2019 demand forecast. U.S. West Texas Intermediate (WTI) crude futures were at $51.43 per barrel at 0230 GMT, up 0.57 percent from their last settlement. International Brent crude oil futures were 0.6 percent higher at $60.50 per barrel. "Crude oil prices rose, helped by the easing trade tension, as well as a fall in inventories," ANZ bank said on Thursday. "The news that China is looking to redraft its 'Made in China' 2025 plan boosted hopes that trade talks are progressing better than expected." China appears to be easing its high-tech industrial development push, dubbed 'Made in China 2025', which has long irked
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