Oil Prices Relatively Static

Oil prices are into a mixed pattern this morning with most market players are cautious hopes for a recovery from last week's losses on progress.

In the meantime, the U.S.-China trade war is affecting global demand of oil and eventually prices as well.

Massive shipments from Venezuela gave Cuba some respite this week from crippling fuel shortages coming from the severe U.S. sanctions.

Meanwhile, Moscow is also indicating that assist the develop of Cuba’s energy sector.

Now, oil trades at $ 53.13, which is an incline of $0.21 or 0.40% from the previous close of $ 52.92.

The daily range is from $ 52.58 to 53.22, while the trading volume is 66.989K.

Havana stated at the beginning of September that it had not secured adequate supplies of fuels, such as gasoline and diesel, for the rest of the month due to sanctions levied by Washington for the support of Venezuelan President Nicolas Maduro.