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Oil edges higher, extending trade-inspired gains

December 17, 2019


Oil futures saw small gains early Tuesday, building on a rally that took crude to a three-month high in the previous session in the wake of a “phase-one” U.S.-China trade deal.

West Texas Intermediate crude for January delivery CLF20, +0.47% on the New York Mercantile Exchange rose 17 cents, or 0.3%, to $60.38 a barrel, while February Brent crude BRNG20, +0.44%, the global benchmark, advanced 25 cents, or 0.4%, to $65.59 a barrel on ICE Europe.

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