US Crude Oil Prices Rise Above $50 on Trade Talk Hopes

mcx crude oil live chart with indicators

On Wednesday US crude oil prices rose above $50 per barrel for the first time in 2019 on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown. US West Texas Intermediate (WTI) crude oil futures were at $50.14 per barrel as at 0021, up 36 cents, or 0.7 per cent from their last settlement.

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