• Oil set for the longest winning streak in 30 years as traders bask in improved US-China sentiment

    5 monthes ago - By Chron

    REUTERS/Shannon Stapleton
    Oil has rallied in the new year, with a nine-day run of gains for WTI, its best run since 2010.
    Brent crude is also rallying, if those contracts close up today - a 10th consecutive session - it would be the futures' best streak for 30 years.
    Traders have been buoyed by positive sentiment out of US-China trade war talks and efforts by Saudi Arabia and OPEC and others to stabilize markets, after plunging last month.
    "The market returning to some sort of order, having previously been out of whack," said Stephen Innes, head of trading for Asia Pacific at futures...
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