Tuesday, 28 May 2019

Oil mixed as trade fears weigh despite tight supply - Reuters

Oil mixed as trade fears weigh despite tight supply - Reuters:

Oil prices were mixed on Tuesday as prices were caught between concerns over global supply and fears that the U.S.-Chinese trade conflict will hurt demand.

Brent crude fell by 9 cents, or 0.1%, to $70.02 a barrel by 1245 GMT, with prices repeatedly veering above and below $70 in choppy trading.

U.S. West Texas Intermediate (WTI) was up 47 cents, or 0.8%, at $59.10. U.S. crude futures were trading for the first time since Friday after a long holiday weekend.

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