Oil edges up on US-China deal and Opec+ supply cuts
‘Christmas has definitely arrived early for oil producers,’ says one analyst
17 December 2019 - 13:54
London — Oil edged further above $65 a barrel on Tuesday, supported by hopes that the US-China trade deal will bolster oil demand in 2020 and the prospect of lower US crude supplies.
The phase-one agreement between the world’s two largest economies has been “absolutely completed”. Larry Kudlow, a top White House adviser, said on Monday, adding that US exports to China will double under the deal...
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