Oil prices rise on prospects for U.S.-China trade deal - Reuters

Oil prices rise on prospects for U.S.-China trade deal - Reuters:

Oil prices rose on Tuesday after China signaled progress in trade talks with the United States, but gains were capped by forecasts of a buildup in U.S. crude stockpiles.

Brent crude oil settled up 74 cents, or 1.3% at $59.70 a barrel, while U.S. West Texas Intermediate crude was 85 cents, or 1.6%, higher at $54.16 per barrel. 


Washington and Beijing have made progress in trade talks, China’s Vice Foreign Minister Le Yucheng said, and problems can be resolved as long as both sides respect each other.