Futures in New York increased as much as 1.6% following six days of gains, the longest streak of increases since July 2017. Meanwhile, expectations for a nationwide decline in US crude inventories alleviated worries about a supply glut. Crude is seeing a tentative recovery after fears of oversupply and weakening global growth drove prices to their worst annual slump since 2015. The global benchmark crude traded at an $8.66 a barrel premium to WTI for the same month. US-China trade talksInvestor confidence grew as the trade talks showed signs of progress.

Source: Mint January 08, 2019 02:03 UTC