Rising oil and barrel prices touch $ 60[/rtl]
[rtl]Release date:: 2019/8/20 10:59 • 69 times read[/rtl]
Oil prices rose on Tuesday on optimism about easing trade tensions between the United States and China and hopes that major economies will adopt stimulus measures to stave off a possible economic slowdown that could hurt oil demand.
Brent crude <LCOc1> was up 8 cents at $ 59.82 a barrel by 0652 GMT after gaining 1.88 percent on Monday.
US crude was up 9 cents at $ 56.30 a barrel, after rising 2.44 percent in the previous session.
The United States said it would extend a deadline to allow Huawei Technologies to buy components from US companies, a sign of a simple cooling off of the dispute between the world's largest economists.
Crude prices also supported the bullishness of equities around the world with growing expectations that global economies will move to counter slowing growth.
At the same time, a Reuters poll of seven analysts revealed that US crude inventories were expected to fall by 1.9 million barrels in the week ending Aug. 19.
The American Petroleum Institute will release inventory data later on Tuesday