Oil prices mixed as hope lingers for flagging US-China talks

Author:

Reuters

article author:

ID:

1557822450997452000

Tue, 2019-05-14 08:19

LONDON: Oil was mixed on Tuesday as tensions in the Gulf appeared to stop short of a military showdown and both sides in the US-China trade talks sounded conciliatory notes, signaling that a breakdown might be avoided.
Brent crude futures were at $70.40 a barrel at 0755 GMT, up 38 cents or 0.24 percent. Brent ended the previous session down 0.6 percent.
US West Texas Intermediate (WTI) crude futures were at $60.92 per barrel, down 12 cents or 0.2 percent. WTI closed down 1 percent on Monday.