Seoul — Oil prices kicked off the new year higher on Thursday as warming trade relations between the US and China eased demand concerns, while the rising tension in the Middle East fuelled worry about supply.

Global benchmark Brent crude futures, were up 22c, or 0.3%, to $66.22 a barrel by 4.30am GMT. US West Texas Intermediate (WTI) crude was up 18c, or 0.3%, at $61.24 a barrel...

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