COMMODITY
Crude oil futures end higher on Tuesday
Aug-21-2019

Crude oil futures end marginally higher on Tuesday ahead of US government data that is expected to reveal a weekly decline in domestic crude stockpiles, following back-to-back weekly supply increases. Slightly easing worries about US-China trade dispute, China's interest rate reforms and expectations of more stimulus from global central banks supported oil’s uptick. However, worries about near term energy demand outlook limited oil’s gains.

Benchmark crude oil futures for September gained 13 cents or 0.2 percent to settle at $56.34 a barrel on the New York Mercantile Exchange. October Brent rose 29 cents or 0.5 percent to settle at $60.03 a barrel on London's Intercontinental Exchange.

  RELATED NEWS >>