Brent crude oil hits 2019-high on Sino-U.S. trade hopes, upbeat China data | Reuters

Brent crude oil hits 2019-high on Sino-U.S. trade hopes, upbeat China data | Reuters:

Oil prices rose by around 1 percent on Thursday, with Brent crude futures hitting a 2019-high, buoyed by hopes that the Sino-U.S. tariff dispute could end soon and as China’s trade figures including crude imports beat forecasts.

International Brent crude oil futures were at $64.35 per barrel at 0754 GMT, up 74 cents, or 1.1 percent, from their last close. Brent hit a 2019-high of $64.43 per barrel earlier in the session.

U.S. West Texas Intermediate (WTI) crude futures were at $54.46 per barrel, up 57 cents, or 1.1 percent, from their last settlement.