Oil rises further above $62 as trade hopes support - Reuters:
Oil rose further above $62 a barrel on Tuesday, supported by hopes that U.S. President Donald Trump may signal progress on trade talks with China and lower inventories at a U.S. oil hub.
Concern about slower economic growth and oil demand due to the fallout from the 16-month U.S.-China trade dispute sent prices lower on Monday. Trump gives a speech later on Tuesday and investors are keen for an update on the talks.
Brent crude, the global benchmark, was up 30 cents at $62.48 a barrel by 1440 GMT, after falling as low as $61.90. West Texas Intermediate (WTI) crude rose 44 cents to$57.30.
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