Oil prices rose on the first trading day of 2020 as warming trade relations between the United States and China eased demand concerns, and rising tensions in the Middle East raised worries about supply. U.S. West Texas Intermediate (WTI) crude was up 21 cents, or 0.3%, at $61.27 per barrel. Both benchmarks ended higher in 2019, posting their biggest annual gains since 2016, buoyed at the end of the year by a thaw in the prolonged trade dispute between the United States and China – the world’s two largest economies – and a deeper output cut pledged by …read more
Source:: Yahoo Finance
