Energy Markets
Oil prices increase after US and China sign trade agreement
Oil prices rose Monday after U.S. economic officials and Chinese economic officials drew up a framework for a trade deal, allaying fears that tariffs or export restrictions between the two world's largest oil consumers would dent global growth. Brent crude futures were up 47 cents or 0.71% to $66.41 per barrel at 0629 GMT. U.S. West Texas Intermediate Crude Futures rose 44 cents or 0.72% to $61.94 after rising by 8.9% and 7.7% respectively in the previous weeks due to U.S. Haitong Securities stated in a note to clients that the market has improved expectations following the new sanctions against...