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US & China trade talks

Rise in oil prices, as China & US geared up for trade talks

SINGAPORE: Oil prices today recouped some of the previous day’s losses after Beijing said it would send a delegation to Washington to try to resolve trade disputes between the United States and China that have roiled global markets. Brent crude oil futures LCOc1 were at $71.03 per barrel at 0455 GMT, up 27 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 5 cents at $65.06 a barrel, held back somewhat by rising U.S. crude production and storage levels. Both…