Oil rises after US and China seal trade pact
Beijing commits to up purchases of crude, liquefied natural gas and other energy products by more than $50bn
16 January 2020 - 07:56
Tokyo — Oil prices rose on Thursday after the signing of an initial Sino-US trade deal that sets the stage for a surge in Chinese purchases of American energy products, while US crude inventories fell more than expected.
Brent was 45c, or 0.7%, higher at $64.45 a barrel by 5.10am SA time, while US crude was up by 39c, or 0.7%, at $58.20 a barrel...
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