Oil rises as U.S.-China trade deal appears close, OPEC further cuts supply
  • ECONOMY

  • 07:26 04 March 2019

Oil rises as U.S.-China trade deal appears close, OPEC further cuts supply

Oil prices rose on Monday as supply tightened amid output cuts by producer club OPEC and as the United States and China were reported to be close to signing a trade deal that would end a tariff row that has slowed global economic growth, ONA reports quoting Reuters.

 

International Brent futures were at $65.46 a barrel at 0135 GMT, up 39 cents, or 0.6 percent, from their last close.

 

U.S. West Texas Intermediate (WTI) crude futures were at $56.16 per barrel, up 36 cents, or 0.6 percent.

Faig Mahmudov

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