Oil prices rise on hopes of US-China trade truce
The markets hope for positive signs from a Trump speech later in the day, as Oman says Opec and its allies are likely to extend oil supply curbs
12 November 2019 - 13:42
London — Oil rose further above $62 a barrel on Tuesday, supported by hopes that US President Donald Trump may signal progress on trade talks with China and lower inventories at a US oil hub.
Concern about slower economic growth and oil demand from the fallout of the 16-month US-China trade dispute sent prices lower on Monday. Trump gives a speech later on Tuesday and investors are keen for an update on the talks...
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