Oil Prices Jump!

Oil prices have ratchet up to more than $1 per barrel on Thursday on expectations that falling prices could lead to production cuts.

This move also comes against a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions.

Brent crude was up $1.35 at $57.58 a barrel and U.S. West Texas Intermediate (WTI) crude rose $1.69 to $52.78 a barrel.

Nigel Bell, Readers Bureau, Fellow

Edited by Jesus Chan

Do you want to add feedback to this story? Please add a comment in the e-mail box below.

Like our Facebook page

Follow us on Twitter