Trade talks and positive economic sentiment have helped prop up oil prices this week, but a cautious bullishness is developing ahead of the new year. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday, December 20th, 2019 Oil didn’t move a lot this week, but it may have consolidated gains achieved earlier this month. The trade talks continue on a positive trajectory, and economic sentiment is slightly upbeat. The U.S. reported a drawdown in crude inventories, although there was a surprising jump in refined product stocks. “A sense of cautious bullishness is developing as we head into 2020,” Stephen Brennock, an analyst at PVM Oil Associates Ltd. in London, told Bloomberg . “Supply-side and demand-side factors are singing from the same supportive hymn sheet.” Shipping industry proposes $5 billion in research on emissions . Several shipping […]