Oil Rises Amid Optimism Over U.S.-China Trade Talks
0014 GMT — Oil edges higher in the early Asian session amid optimism over U.S.-China trade talks being held in London. There are hopes of a deal, which could lower risks to global growth and help underpin oil demand, Exness' Li Xing says in an email. However, a lack of a clear outcome could weigh on the oil market. Also, worries continue over China's slowing exports and falling imports, including those of crude oil, the financial markets strategist adds. Front-month WTI crude oil futures are up 0.1% at $65.35/bbl; front-month Brent crude oil futures are 0.1% higher at $67.12/bbl. (ronnie.harui@wsj.com)
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