Oil gains as optimism returns to U.S.-China trade talks
LONDON/TOKYO (Reuters) - Oil prices rose on Tuesday on hopes of progress toward a trade agreement between the United States and China, the world’s biggest oil users, and predictions of a draw on U.S. crude inventories.
Brent crude LCOc1, the international price benchmark, gained 14 cents to $63.79 by 1144 GMT while West Texas Intermediate crude CLc1 was up 17 cents at $58.18.