Oil prices continue to gain for second consecutive week
US supply data showed much higher supplies negatively im-pacting international oil prices in last two sessions of the week. But the inventory data was couldn’t erase the weekly gains on US-China trade talks which ended on good terms and buoyed markets. For the week, WTI prices were +7.6% up closing at USD 51.6/bbl while Brent and Arab Light closed at USD 60.5/bbl and USD 62/bbl, reporting weekly gains of 6% and 9.5% respectively.
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