Oil rises 1% on optimism for a U.S.-China trade deal - Reuters:
Oil prices gained nearly 1% on Thursday on hopes that the United States and China were close to reaching a deal on an ongoing trade dispute that has raised concerns about global demand for crude.
Brent crude LCOc1 futures rose 48 cents to settle at $64.20 a barrel. West Texas Intermediate (WTI) crude CLc1 futures rose 42 cents to settle at $59.18 a barrel.
Trump tweeted on Thursday that the United States was very close to a big deal with China amid reports that the country was considering a delay or possible cancellation of tariffs scheduled to go into effect on Dec. 15.
While prices received a fresh boost immediately following the tweet, futures eased somewhat during the session.
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