Oil Prices Near Three-Month Highs on US-China Trade Deal

Oil prices on Monday held near three-month highs, supported by last week’s announcement that an initial trade deal had been reached between the United States and China.

Brent crude oil futures rose 17 cents or 0.3 per cent to $65.39 a barrel by 0940 GMT, while West Texas Intermediate crude was up 10 cents or 0.2 per cent to $60.17 a barrel.

The United States and China announced on Friday a “phase one” agreement that will reduce…

View entirety: Economic Times