Oil Gains Amid Optimism Over U.S.-China Trade Talks
0000 GMT — Oil edges higher in the early Asian session, buoyed by optimism over U.S.-China trade talks that could mitigate risks of tariffs hurting oil demand. President Trump's negotiators sit down with their Chinese counterparts in London later today. Also, supply-side risks are providing extra short- to medium-term support, such as recent wildfires in Canada that threaten production, Saxo Bank's head of Commodity Strategy Ole Hansen says. Front-month WTI crude oil futures are up 0.2% at $64.69/bbl; front-month Brent crude oil futures are 0.2% higher at $66.56/bbl. (ronnie.harui@wsj.com)
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