Oil rises amid optimism around US-Sino talks
Gains add to a surge on Wednesday driven by improved activity in China’s services sector
05 September 2019 - 07:55
Tokyo — Oil prices rose on Thursday, rebounding from earlier losses, after the US confirmed that talks with China to reach a trade agreement would be held in the coming weeks, giving hope that a dispute that has roiled global economies will be resolved.
The gains add to a surge in prices on Wednesday that had been driven by a survey showing activity in China’s services sector expanded at the fastest pace in three months in August, as new orders rose in the world’s second-biggest consumer of oil...
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