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Oil Edges Higher In Yo-Yo Market
Thursday, 17 October 2019 03:39 WIB | COMMODITY |BrentWTIMinyak

Down one day and up the next, oil™s yo-yo pattern continued Wednesday, with the market moving to any headline that remotely mattered in the absence of substantive developments on U.S.-China talks and OPEC production cuts.

U.S. West Texas Intermediate crude settled up 57 cents, or 1.1%, at $53.45 per barrel, recouping about two-thirds of the previous day™s loss.

U.K. Brent oil closed up 68 cents, or 1.2%, at $59.42.

Source : Investing.com

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