Oil rises on optimism about US-China trade deal
US crude inventories rose by 7.9-million barrels but the Opec secretary-general sees a brighter market outlook for 2020
07 November 2019 - 12:24
London — Oil rose above $62 a barrel on Thursday after China hinted at progress towards a trade deal with the US, raising hopes for an end to a long dispute that has weighed on economic growth and fuel demand.
In the past two weeks China and the US have agreed to cancel tariffs in different phases, the Chinese commerce ministry said on Thursday without giving a timeline...
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