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Oil prices increase hoping improved global market
Feb. 14, 2019
Source: Reuters

Oil prices increase hoping improved global market

Oil prices hiked on Thursday, buoyed by the hopes of improvement in the global economic outlook. The market awaits positive outcomes from the ongoing Sino-US tariff talks. WTI went up by 0.5%, to $54.15 per barrel. Brent increased by 0.5%, to $63.90 a barrel. According to a report by IEA, the crude market will struggle this year due to surplus supply despite OPEC supply cuts and sanctions by the US.

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