During mid-afternoon trade in Asia on Thursday, crude oil futures remained higher, supported by the US-China trade deal optimism.
From $67.44 per barrel on Tuesday, the front-month ICE Brent February crude futures in Singapore gained 24 cents per barrel. At $61.34 per barrel, a 23 cents per barrel higher posted by the front-month NYMEX February light sweet crude futures.
During the week ended December 20, a survey on Monday showed that commercial crude stocks are expected to have fallen 3 million barrels to around 443.8 million barrels.
Nationwide gasoline stocks were expected to have increased last week to 238.8 million barrels. The survey showed distillate inventories to have edged up to 125.3 million barrels.
On Tuesday, US President Donald Trump said there would a signing ceremony for a phase-one trade deal agreed by the US and China earlier this month.
Related stories:
