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Oil rises 3 percent on U.S.-China trade talk optimism
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Oil rises 2 percent on U.S.-China trade talk optimism
Oil prices climbed 2 percent on Wednesday as the extension of U.S.-China talks in Beijing raised hopes that the world's two largest economies would resolve their trade standoff. U.S. West Texas Intermediate (WTI) crude oil futures were at $50.84 per barrel at 1220 GMT, up $1.06, or 2.13 percent, the first time this year that WTI has topped $50. International Brent crude futures were up $1.14, or 1.94 percent, at $59.86 per barrel.
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Oil rises 3 percent on U.S.-China trade talk optimism
Oil prices climbed around 3 percent on Wednesday as the extension of U.S.-China talks in Beijing raised hopes that the world's two largest economies would resolve their trade standoff. U.S. West Texas Intermediate (WTI) crude oil futures were at $51.36 per barrel at 1500 GMT, up $1.58, or 3.17 percent, the first time this year that WTI has topped $50. International Brent crude futures were up $1.63, or 2.78 percent, at $60.35 per barrel.
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