FX.co ★ Oil accelerated appreciation amid a recovery in stock markets

The cost of oil continues to rise amid a recovery in stock markets. Positive on the markets brought the beginning of trade negotiations between the United States and China in Beijing. Foreign Ministry spokesman Lu Kang said that the Chinese authorities are hoping for mutual respect in resolving trade contradictions.

As a result, stock exchanges in Europe and the United States started to grow, and this provided support to oil quotes. According to the data of the auction, yesterday Brent price reached $ 58.80 per barrel, and today it slightly corrected to the area of $ 58.50 per barrel.