Oil widens gains, on track for weekly profit
Economies.com
2019-02-15 17:23PM UTC
Oil prices rose today as the dollar steadied against most major rivals amid optimism on US-China trade talks.
US President Donald Trump said his administration is still not near a full trade agreement with China.
He nonetheless asserted negotiations are going very well, with financial markets improving in response and nearing recent record highs.
As of 17:10 GMT, the dollar index settled at 97.09, with a session-high at 97.3.
Baker Hughes is expected to release data on US rig activity later today.
US West Texas rose 2.2% to $55.5 a barrel, with a session-high at $55.7.
Brent rallied 2.2% to $66.03 a barrel, with a session-high at $66.1 a barrel.
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