Oil Rises Nearly 2% on Trade Talk Optimism

Oil rises nearly 2% on trade talk optimism

Oil prices pushed higher for a second day on Wednesday, rising by about 2%, buoyed by hopes of progress of a U.S. trade deal with China and India.

Oil maintains gains on supply risks and US plan to refill strategic reserves

Brent crude futures rose 18 cents, or 0.29%, to $61.50 a barrel as of 0137 GMT, while U.S. West Texas Intermediate crude futures climbed 21 cents, or 0.37%, to $57.45.

Oil Prices Rise 2% amid Optimism over US Trade Talks With China, India

Oil prices climbed for a second consecutive day on Wednesday, gaining nearly 2%, supported by growing optimism over potential breakthroughs in trade negotiations between the United States, China, and India.

Oil rises about 2% on higher US demand, trade talk optimism

NEW YORK: Oil prices pushed higher for a second day on Wednesday, rising by about 2%, buoyed by growing U.S. energy consumption and hopes of progress for a U.S. trade deal with China and India. Brent crude futures rose $1.29, or 2.1%, to $62.61 a barrel by 11:09 a.m. EDT (1509 GMT), while U.S. West Texas Intermediate crude futures climbed $1.34, or 2.34%, to $58.58. U.S. crude oil inventories fell during the week ended October 17, the Energy Inf…

Oil News: API Inventory Drop, Trade Talks Lift Oil Prices, but Trend Remains Bearish

Crude oil futures rise 2% on U.S.-India trade talk progress and falling inventories, but bearish technicals keep traders cautious in the short-term oil outlook.