Crude prices extended yesterday’s gains in the December 05, 2019 trading session

  • Dec 05, 2019 GMT
  • Team Kalkine
 
  • International Oil benchmark Brent Crude Oil futures edging higher for the second staring day and traded 0.62 cents or 1.05% higher at $63.64/bbl and the US Crude Oil benchmark, West Texas Intermediate (WTI) up 0.46c cents or 0.77% to $58.88/bbl. (at 03:26 PM GMT).
  • Increasing chances of a potential Phase-1 traded deal between the two world's large economies (the US and China) sending oil prices higher as demand for energy could improve one a deal is done.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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