US Crude Trades Above $60 (Market Trading)


Oil prices edged higher on Monday, on optimism that a preliminary US-China trade deal would be signed soon. Capping gains, Russian Energy Minister Alexander Novak said on Monday that OPEC should consider easing the production restrictions after March 2020. US crude oil rose as much as 0.3% to $60.28 a barrel while Bren crude added nearly 0.6% to $65.30 a barrel around 01:00 PM NY time.

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