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Oil prices turn positive

Oil prices turned positive on Wednesday, reversing two days of losses, following a smaller-than-expected build in US inventories. Prices also moved higher as Iran-related tensions escalated but receding hopes for a quick solution to the U.S.-China trade war which has dented global growth dragged on prices.

West Texas Intermediate crude futures gained $1.04, or 1.9%, to trade at $56.25 a barrel. Brent crude futures were at $61.97 a barrel, up $1.06, or 1.7%.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.