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Oil rose nearly 4% on Friday on progress in US-China trade talks and stronger US employment and Chinese manufacturing data, but ended the week lower. Brent settled at $61.74 and WTI at $56.20.
Earlier losses reflected a rise in US crude inventories.
Trade progress and firmer macro data support crude demand expectations, feeding into energy and freight costs. Weekly losses reflect ongoing inventory and demand concerns.
cnbc.comReutersNov 1, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
