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Oil tallies longest streak of gains in about 18 months
WTI futures gain for a 7th straight session
Oil futures Tuesday finished higher for a seventh straight session, the longest run of gains in roughly 18 months, with prices lifted by global efforts to curb crude output, as well as measured optimism around U.S.-China trade talks.
West Texas Intermediate crude oil for February delivery CLG9, +2.68% rose $1.26, or 2.6%, to settle at $49.78 a barrel on the New York Mercantile Exchange—the highest finish for a front-month contract since Dec. 17, according to Dow Jones Market Data. Futures for the U.S. benchmark contract posted the lengthiest win streak since an eight-session period ended July 3, 2017.
Global benchmark March Brent crude UK:LCOG9 added $1.39, or 2.4%, to $58.72 a barrel on ICE Futures Europe, which also marks the longest string of gains in about 18 months.
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https://www.marketwatch.com/story/oil-on...2019-01-08
WTI futures gain for a 7th straight session
Oil futures Tuesday finished higher for a seventh straight session, the longest run of gains in roughly 18 months, with prices lifted by global efforts to curb crude output, as well as measured optimism around U.S.-China trade talks.
West Texas Intermediate crude oil for February delivery CLG9, +2.68% rose $1.26, or 2.6%, to settle at $49.78 a barrel on the New York Mercantile Exchange—the highest finish for a front-month contract since Dec. 17, according to Dow Jones Market Data. Futures for the U.S. benchmark contract posted the lengthiest win streak since an eight-session period ended July 3, 2017.
Global benchmark March Brent crude UK:LCOG9 added $1.39, or 2.4%, to $58.72 a barrel on ICE Futures Europe, which also marks the longest string of gains in about 18 months.
...
https://www.marketwatch.com/story/oil-on...2019-01-08
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