Oil rises 3% on support from US-China trade hopes
NEW YORK: Oil prices rose around 3% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the US and China, the world's two largest oil consumers.
Brent crude futures settled up US$1.72, or 2.8%, at US$62.84 a barrel. US West Texas Intermediate crude rose US$1.84, or 3.2%, to US$59.91.
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