US Crude Drops to 1-Month Low (Market Trading)


WTI crude dipped as much as 1.2% to $58.82 a barrel around 10:00 AM NY time on Thursday, the lowest since December 5th, amid signs of no further escalation between Tehran and Washington and a surprise rise US inventories. Early this session, the market found support after China announced that Vice Premier Liu Le will travel to Washington to sign the first phase of the trade deal between the worldโ€™s two biggest economies. Brent crude fell nearly 0.6% to $65.06 a barrel.

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