# Oil edges up on expectations of more OPEC output cuts, but trade worries linger - The HinduBusinessLine

> Oil inched higher on Friday as expectations of more OPEC production cuts offset concerns over the US-China trade dispute. Brent and WTI were both slightly up after rebounding over 2% the previous day, though prices remained in bear territory.

- Date: 2019-08-09 · published 2019-08-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/57747-oil-edges-up-on-expectations-of-more-opec-output-cuts-but-trade-worries-linger
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

OPEC cut expectations provide a floor for energy prices, while the trade dispute and yuan weakness cap demand and keep energy-linked input costs volatile.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/oil-prices-improve-on-expectations-of-more-opec-output-cuts/article28921779.ece

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