WTI trims losses, re-takes $ 52.50 amid US-China trade optimism

Published: 11/02/2019
WTI trims losses, re-takes $ 52.50 amid US-China trade optimism
Source: WWW.FXSTREET.COM

Bulls rescued by risk-on action in European equities amid US-China trade optimism. Recovery appears shallow on rising US rigs count, demand concerns. WTI (oil futures on NYMEX) kicked-off the week on a negative note and remained on the back foot, as the sentiment was dented by a rise in the US rigs count while a shutdown of a large crude distillation unit in the US state of Illinois fuelled crude

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