By Reuters | Seoul |
Topics oil prices rise | OPEC output | Opec oil cuts
Oil prices rose on Friday, supported by expectations of more production cuts by OPEC amid fears the US-China trade row could lead to a global slowdown, curbing demand for crude.
International benchmark Brent crude futures, were at $57.61 a barrel by 0009 GMT, up 23 cents, or 0.4%, from their previous settlement.
US West Texas Intermediate (WTI) futures were at $52.79 per barrel, up 25 cents, or 0.5%, from their last close. Both contracts jumped more than 2% on Thursday to recover from January lows, buoyed by reports that Saudi.
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