Oil up 1% as hopes grow for U.S.-China trade breakthrough

August 27, 2019 admin Business News Comments Off on Oil up 1% as hopes grow for U.S.-China trade breakthrough

Oil prices rose more than 1% on Tuesday after U.S. President Donald Trump predicted a trade deal with China following positive comments by Beijing, calming concerns raised by an earlier round of tit-for-tat tariff hikes.

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Source:: Reuters – Business News