Oil prices extended a recent rebound Monday, edging higher after the U.S. and Mexico reached an agreement late Friday to avoid a potentially devastating trade fight that would have further hurt the outlook for commodity demand. West Texas Intermediate futures, the U.S. crude benchmark, added 0.4% to $54.20 a barrel on the New York Mercantile Exchange. Prices were on track for a third gain in four sessions but remain down roughly 18% from their April peaks on fears that crumbling demand and steady production will lead to excess...

Source: Wall Street Journal June 10, 2019 13:52 UTC