Oil prices rise on US-China trade deal hopes, Opec supply cuts
Singapore/Sydney: Oil prices rose on Monday, buoyed by output cuts by producer club Opec and reports that the US and China are close to a trade deal to end a bitter tariff war, which has slowed the global economy.
International Brent futures were at $65.25 a barrel at 0713 GMT, up 18 cents, or 0.3% , from their last close. US West Texas Intermediate (WTI) crude futures were at $55.94 per barrel, up 14 cents, or 0.3%. The rally followed reports that the US and China are close to ending their year-long trade dispute.
