•Oil prices increased Friday for a fifth straight session amid rebounding stocks on Wall Street, a strong jobs report and hopes for a resolution to a U.S.-China trade fight. But a bearish report on weekly U.S. oil and fuel inventories turned oil investors cautious, reducing earlier gains. •West Texas Intermediate futures, the U.S. oil benchmark, ended 1.8% higher at $47.96 a barrel on the New York Mercantile Exchange. WTI was more than 4% higher earlier in the session at a two-week intraday high of $49.20.

Source: Wall Street Journal January 04, 2019 11:28 UTC