# Oil prices little changed but set for big weekly loss

> 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.

- Date: 2019-11-01 · published 2019-11-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/56243-oil-prices-little-changed-but-set-for-big-weekly-loss
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Trade progress and firmer macro data support crude demand expectations, feeding into energy and freight costs. Weekly losses reflect ongoing inventory and demand concerns.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2019/11/01/oil-markets-us-china-trade-war-us-oil-production-in-focus.html

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