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Oil prices rise as U.S., EU enter trade talks

Reuters  |  NEW YORK 

By Andres Guerra LuzNEW YORK (Reuters) - Oil prices rose for the third consecutive day on Thursday after Saudi Arabia suspended oil shipments through a strait in the Red Sea and as trade tensions between the United States and the European Union eased.Brent futures rose 57 cents to $74.50 a barrel by 11:42 a.m. EDT (1542 GMT). The contract earlier touched $74.83 a barrel, highest since July 16. U.S. West Texas Intermediate (WTI) crude futures were up 41 cents at $69.71.After meeting European Commission President Jean-Claude Juncker at the White House on Wednesday, U.S. President Donald Trump ...

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First Published: Thu, July 26 2018. 21:47 IST
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