Oil prices record a jump in the first week of 2019

Media In-Agencies 04-01-2019

Oil prices hit $ 85 a barrel on Friday, with an increase of more than $ 2, as black gold received support from the Beijing-Washington trade talks and a drop in supplies in the United States.
A survey showed that the Organization of the Petroleum Exporting Countries (OPEC) cut oil production in December, the US Petroleum Institute said that crude stocks fell 4.5 million barrels.
Brent crude <LCOc1> rose more than $ 2 to $ 58.05 a barrel at its highest level in the session, while the US benchmark WTI futures contract rose $ 1.58 to $ 48.67 a barrel.
Another special survey showed that China’s services sector continued to grow strongly in December, in contrast to pessimistic economic data.
China said it would hold trade talks with the United States to put an end to the trade war between them.
Brent crude is heading for strong gains in the first week of 2019, despite growing concerns that a trade war between China and the United States could slow the global economy.