[Seoul 11th Reuters]-Crude oil futures prices continued to increase due to Asian time trading on the 11th. In addition to the fact that the Organization for Petroleum Exporting Countries (OPEC) has shown the possibility of increased cooperative reduction, expectations for US-China trade talks are rising again.
As of 0034GMT (Japan time 9:34 am), North Sea Brent futures <LCOc1> is $ 0.24 (0.4%) higher, 1 barrel = $ 59.34. The previous day rose 1.3%.
US WTI <CLc1> is $ 53.74, an increase of $ 0.20 (0.37%). The previous day rose 1.8%.
OPEC Secretary-General Barkind said at the meeting on December 10 that he would consider all options, including the expansion of coordinated production cuts with non-member oil-producing countries such as Russia.
The US-China ministerial trade negotiations that began in Washington on the 10th ended the discussion on the first day. Vice President Myron Brilliant of the US Chamber of Commerce and Industry, who received explanations from both the US and China, expressed his view that there may be early agreement on currency and copyright protection. It was.
