Oil extends gains on improved market sentiment
Economies.com
2019-08-19 17:30PM UTC
Oil prices rose today trading on President Trump's remarks which have improved global markets sentiment after the sharp losses of last week.
Trump said that the US economy is in a good shape, and added that the trade talks with China are going very well.
Baker Hughes revealed last Friday that US oil drilling rigs rose by six to 770 rigs during last week.
By 17:16 GMT, dollar index rose against a basket of currencies by 0.1% to 98.1 points, with a high of 98.1 and a low of 98.
In oil market, by 17:09 GMT, West Texas Intermediate rose by 1.9% to $55.9 a barrel, with a high of $56.07 and a low of $54.8.
Brent rose by 1.6% to $59.5 a barrel, with a high of $59.6 and a low of $58.6.
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