NEW YORK (Reuters) - Oil prices closed little changed on Tuesday after giving up nearly 1 percent of gains after a speech by US President Donald Trump that offered few new details on US-China trade talks.

Brent crude futures ended the session down 12 cents at $ 62.06 a barrel, after hovering between $ 61.82 and $ 62.85.

US West Texas Intermediate (WTI) crude futures fell 6 cents to settle at $ 56.80 a barrel.

Prices gave up their gains after Trump's speech at the New York Economic Club, which contained mixed messages on trade between the world's two largest economies and devoid of any signs of progress in the negotiations.

Earlier in the session, oil prices were supported by data showing that oil inventories at the US crude delivery point in Cushing fell about 1.2 million barrels in the week ending November 8, after five consecutive weeks of increases until November 1, according to data. Government.

Source Sky News

Rate this item
(0 votes)

About us

 Castle Journal is an international newspaper with daily electronic edition, received the international license by the United Kingdom number 10675, and accredited by the Egyptian Embassy in London, owned by Abeer Almadawy

Castle Journal expresses on the free and human voice specialized in the diplomatic, cultural and scientific media, it is eager to create a close relationship with the readers, who is our priority and considers them a true partner.

Castle Journal holds all the permits for practicing its duties of journalism in all countries of the world and the international organizations