Markets > Commodities

Oil prices rise amid trade optimism

2019-11-27 07:31

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NEW YORK, Nov. 26 (Xinhua) -- Oil prices rose on Tuesday as investors' sentiment was lifted by the latest progress in U.S.-China trade talks.

Chinese Vice Premier Liu He, a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-U.S. comprehensive economic dialogue, held a phone conversation with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Tuesday.

During their talks, the two sides discussed solving issues regarding each other's core concerns, reached consensus on properly resolving related issues, and agreed to maintain communication on remaining issues in consultations on the "phase one" deal.

The West Texas Intermediate for January delivery increased 0.40 U.S. dollar to settle at 58.41 dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery rose 0.62 dollar to close at 64.27 dollars a barrel on the London ICE Futures Exchange.
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