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Oil Holds Advance as Traders Track US-China Trade Negotiations

Bloomberg · last updated

Oil climbed for a fourth straight session as the market awaits the outcome of a second day of trade talks between the US and China.

West Texas Intermediate rose about 1% to trade around $66 a barrel while Brent neared $68, levels last seen in April. US Commerce Secretary Howard Lutnick said initial discussions in London with officials from Beijing had been “fruitful,” buoying risk assets.

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