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Oil prices climb, but gains capped by US-China trade row
Aug. 6, 2019
Source: Reuters

Oil prices climb, but gains capped by US-China trade row

Oil prices climbed in the international market on Tuesday, as traders risking on sinking prices bought back contracts to gain profits from recent downfalls. Benchmark Brent crude futures LCOc1 rose by 0.8% to $60.28 a barrel. US WTI crude CLc1 futures were traded 0.9% lower to $55.16 per barrel. Analysts said that concerns about trade conflict entering a phase of retaliatory action was offsetting the sentiments in the oil market.

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