Crude oil futures settled modestly increased on Friday regardless of increased crude inventories and renewed uncertainty about U.S.-China commerce deal.
West Texas Intermediate Crude oil futures for December ended up $0.09, or 0.2%, at $57.24 a barrel.
On Thursday, WTI crude oil futures ended up $0.80, or 1.4%, at $57.15 a barrel.
WTI crude oil futures gained about 1.9% within the week.
Brent Crude oil futures ended up $0.26, at $62.56 a barrel.
Oil costs edged decrease earlier within the session, weighed down by feedback by the U.S. President Donald Trump that he has not agreed to roll again tariffs on Chinese language items.
Trump’s feedback got here after each the U.S. and China stated on Thursday that they’ve agreed to roll again tariffs on one another’s items if the interim commerce deal is accomplished.
Nonetheless, subsequent stories stated Trump’s key advisers had been opposing the proposal to chop tariffs on Chinese language items.
In response to Baker Hughes, the variety of lively U.S. rigs drilling for oil dropped by 7 to 684 this week, falling for the third successive week. The entire lively U.S. rig depend,…