Oil hits new 2019 high on U.S.-China trade talk hopes
66 cents from Thursday’s close. They traded 33 cents higher at $67.40 a barrel by 1444 GMT, Trend reports referring to Reuters.
U.S. West Texas Intermediate (WTI) crude futures were up 47 cents at $57.43 per barrel, after hitting a new 2019 high of $57.81 earlier on Friday.
Further gains were tempered by U.S. crude oil production hitting a record 12 million barrels per day (bpd) and a surge in exports from the country.