Oil rises after Trump says China trade deal likely
TOKYO: Oil prices rose on Tuesday after US President Donald Trump said he expected to sign a trade deal with China, calming nerves after a round of tit-for-tat tariff hikes had sent markets reeling.
Brent crude was up by 27 cents, or 0.5 per cent, at $58.97 a barrel by 0024 GMT, after falling 1 per cent the previous session, dropping for a third day in a row.
US crude was up by 23 cents or 0.4 per cent at $$53.87 a barrel, having also dropped 1 per cent on Monday for a fourth day of declines.
