Refined Products
Prices of oil rise on US-China trade talks
Oil prices rose on Thursday, after dropping more than $1 the previous session. This was due to hopes that a breakthrough would be made in upcoming trade talks between China and the U.S., two of the largest oil consumers in the world. Brent crude futures rose 51 cents or 0.8% to $61.63 per barrel. U.S. West Texas intermediate crude rose 57 Cents or 1%, reaching $58.64 per barrel at 0420 GMT. Tina Teng, an independent analyst, said that optimism around the U.S.-China trade talks at the weekend was a major factor in supporting the recovery of the oil market. "Signs...