Oil rises more than 1% on supply risk, US-China trade talks
Oil prices pushed higher for a second day on Wednesday, by more than 1%, buoyed by sanctions-related supply risk and hope of a U.S.-China trade deal while investors also digested news of the U.S. seeking oil for delivery to its strategic reserves.
Brent crude futures rose 94 cents, or 1.5%, to $62.26 a barrel as of 0400 GMT, while U.S. West Texas Intermediate crude futures climbed 92 cents, or 1.6%, to $58.16.
