Oil rises on U.S.-China trade hopes, still below three-month highs - Reuters:
Oil prices rose slightly Monday on hopes energy demand will benefit from the trade deal between the United States and China announced last week, but prices remained below the previous session’s three-month highs.
Brent crude oil futures LCOc1 settled up 12 cents, or 0.2%, at $65.34 a barrel, a session after hitting their highest since Sept. 17 at $65.79.
West Texas Intermediate crude CLc1 settled up 14 cents, or 0.2%, at $60.21 a barrel.
On Friday, Washington and Beijing announced a “phase one” agreement. U.S. officials said some tariffs would be reduced in exchange for a big jump in Chinese purchases of American farm products and other goods.
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