Oil rises on Trump’s optimism for a deal with China

LONDON: Oil prices rose on Thursday after U.S. President Donald Trump said Washington was “very close” to nailing down a trade deal with China and the Federal Reserve held interest rates steady and struck an optimistic tone on the outlook for the economy.

Brent crude rose $1.06 cents to $64.78 a barrel by 1502 GMT. West Texas Intermediate crude was up 90 cents at $59.66 a barrel.