CRUDE SUMMARY: Lack of constructive progress on US-China talks offsets Venezuelan risk on oil prices

摘要

Crude oil prices recoiled from their earlier bullishness, as investors fretted about the lack of constructive progress in the continued trade talks between the US and China. On Thursday 24 January, US crude oil stocks also shot up by nearly 8m bbl, their largest weekly increase since early November 2018, and the first such sizeable increase in eight weeks.