Oil Edges Higher But Trade Tensions Limit Gains

摘要

Oil prices inched up on Tuesday as Opec's deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but US-China trade tensions clouded the demand outlook. In London, Brent crude settled up 9c at $64.34 per barrel. In New York, Nymex West Texas Intermediate oil rose 22c to $59.24/bbl. The benchmarks fell 0.2% and 0.3%, respectively, on Monday.