Oil prices rise on hopes for US-China trade deal
Most commodities were higher, while Chinese shares and the yuan gained as the optimism flowed into Asian trading
Oil prices rose more than one per cent on Friday amid renewed optimism that a trade deal could be struck between Washington and Beijing, calming fears that a protracted tariff war would harm global economic growth.
Brent crude futures were at $71.11 a barrel at 0217 GMT, up 72 cents, or over 1 per cent, from their last close.
United States (US) West Texas Intermediate (WTI) crude futures were at $62.38 per barrel, up 68 cents, or 1.1 per cent, from their previous settlement. WTI ended the last session down 0.7 per cent.
