Oil prices firmed on Tuesday after Saudi Arabia indicated it was comfortable with a higher price range ahead of a meeting between major producing countries in Algeria. crude LCOc1 futures were up $1.03 a barrel to $79.09 a barrel at 0923 GMT, after hitting $79.32. U.S. West Texas Intermediate (WTI) crude CLc1 was up 90 cents at $69.80 per barrel, after rising over $1 to $69.95 a barrel. “Oil prices have gone up after Saudi Arabia said it was comfortable with Brent oil above $80 a barrel,” Olivier Jakob of Petromatrix consultancy said. However, the market was tempered by an escalation in the China-U.S. trade war that has clouded the outlook for crude demand from the world’s top oil consumers. On Tuesday, […]