# Crude Oil to Perform Better This Week—Analysts | Business Post Nigeria

> Brent crude traded up to $64 a barrel last week on optimism over the US-China trade deal, then fell on profit-taking after reaching a two-month high. Prices were also influenced by expectations that OPEC+ would extend production cuts and push Iraq and Nigeria toward stricter compliance. Analysts expected markets to focus on US-China negotiations in the new week.

- Date: 2019-11-25 · published 2019-11-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/55958-crude-oil-to-perform-better-this-week-analysts-business-post-nigeria
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Crude moves are being driven by trade talk headlines and OPEC+ expectations, which affect energy-linked feed and biofuel costs. The article mainly describes weekly price moves without a new cause.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- businesspost.ng: https://businesspost.ng/economy/crude-oil-to-perform-better-this-week-analysts/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.