Oil Gains on Optimism Over U.S.-China Trade Deal
Tuesday, 5 November 2019 19:27 WIB | ENERGY |Crude OilOil,Minyak MentahBrentWTIMinyak

Oil prices rose on Tuesday on hopes for a U.S.-China trade agreement and optimism that Washington could roll back some of the tariffs it has imposed on Chinese imports.

Brent crude was up 61 cents, or 1%, at $62.74 a barrel by 11:36 GMT. U.S. crude rose 42 cents, or 0.7%, to $56.96.

China is pushing U.S. President Donald Trump to remove more tariffs imposed in September as part of a so-called Phase 1 deal, which would help to ease the broad economic damage inflicted by the trade dispute between the world's two biggest oil consumers.

Source : Reuters

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