By contrast, however, the more actively traded 380-cst barge crack to Brent crude for February slipped to minus $6.07 a barrel on Thursday, down from minus $5.32 a barrel on Wednesday, Refinitiv data showed. Oil prices fell by more than 1 percent on Thursday on swelling US supply and amid caution after talks between the United States and China finished without any concrete details on a resolution to their trade disputes.
Oil benchmarks Brent and WTI rose by around 5 percent on the previous day as financial global markets surged on hope that Washington and Beijing may soon be able to end their trade dispute, soothing fears of an all-out trade war between the two biggest economies and the risk of damage to global growth.