Oil hits three-month highs on upbeat U.S. and Chinese economic data - Reuters:
Oil prices rose on Friday, hitting three-month highs, as upbeat economic data from China and the United States indicated an end to the trade war between Washington and Beijing has restored confidence in the global growth.
Brent crude was up 29 cents, or 0.4%, at $68.21 a barrel at 0903 GMT.
The West Texas Intermediate CLc1 was up 24 cents, or 0.4%, at $61.92 a barrel.
Volume of oil trade remained thin in the Christmas holidays and New Year breaks.
Data on Friday showed profits at China’s industrial firms rose at the fastest pace in eight months in November.
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