# Oil prices clock strong weekly gains on trade hopes, crude supply | Financial Post

> WTI and Brent settled higher on Friday, posting their strongest weekly gains in over a month. Optimism over a near-final U.S.-China trade deal and a surprise draw in U.S. crude inventories supported prices, with possible OPEC action to extend output cuts also cited.

- Date: 2019-10-25 · published 2019-10-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/56736-oil-prices-clock-strong-weekly-gains-on-trade-hopes-crude-supply-financial-post
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expectations of renewed Chinese demand and tighter U.S. crude supplies lift energy prices, which feed through to diesel and freight costs for feed buyers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/oil-drops-after-3-day-rally-amid-economic-growth-concerns

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