Post Tagged with: "brent crude prices"

Source: Reuters

JP Morgan raises 2020 oil price view on OPEC+ cuts, improved economic outlook


JP Morgan on Tuesday raised its oil price outlook and forecast supply-demand balance to tighten next year against the backdrop of the OPEC and its allies increasing output cuts and stronger economic growth in emerging markets.

The investment bank …

Source: Reuters/Nick Oxford

Oil rises 2% on U.S.-China trade hopes, but set for weekly drop

Source: Reuters

NEW YORK (Reuters) – Oil prices rose 2% on Friday on signs of progress in U.S.-China trade talks and stronger-than-expected economic data in both countries, including U.S. employment and Chinese manufacturing activity numbers.

Brent crude was up $1.16, …