open an account
Span Margin
Refer A Friend
open an account

Oil extends gains amid Middle East tensions, US-China trade deal hopes

image TOKYO: OilNSE 0.35 % prices climbed on Wednesday, extending sharp gains from the previous session on rekindled hopes for a US-China trade deal and on continued tensions in the Middle East after tanker attacks there last week.

Brent crude futures were up 34 cents, or 0.6 per cent, at $62.48 a barrel by 0028 GMT. They rose 2 per cent on Tuesday.

US West Texas Intermediate crude gained 44 cents, or 0.8 per cent, to $54.34 a barrel. The US benchmark surged 3.8 per cent in the la ........ET