Oil gains 1% as China pushes Trump for more tariff rollbacks - Reuters:
Oil prices rose more than 1% on Tuesday on hopes for a U.S.-China trade agreement and optimism that Washington could roll back some tariffs on Chinese imports.
Brent crude futures rose 83 cents, or 1.3%, to settle at $62.96 a barrel. U.S. West Texas Intermediate (WTI) crude futures ended 69 cents, or 1.2%, higher at $57.23 a barrel.
China is pushing U.S. President Donald Trump to remove more tariffs imposed in September as part of a so-called Phase 1 deal, which would ease the economic impact of the trade dispute between the world’s two biggest oil consumers.
No comments:
Post a Comment