News
Oil Set for Weekly Loss With Focus on US-China Trade Uncertainty
Oil pushed higher alongside equity markets as China considered suspending tariffs on some US imports, though conflicting messages on trade raised uncertainty about the prospect for easing tensions.
Brent rose for a second session to trade near $67 a barrel, trimming a weekly decline, while West Texas Intermediate climbed above $63. Chinese authorities are weighing removing additional levies on a number of products including ethane, according to people familiar, as economic costs mount.