Oil prices steadied on Thursday in Asia on positive trade news.
U.S. Crude Oil WTI Futures was little changed at $56.50 by 11:18 PM ET (03:18 GMT). International Brent Oil Futures also stayed flat at 62.37.
U.S. President Donald Trump told reporters overnight that a trade agreement with China could happen “sooner than you think,” rising hopes that global oil demand will increase. China and the U.S. are the world’s biggest oil importers.
Trump’s comments came just one day after he said he would not accept a “bad trade deal” and accused China of unfair trade practices.
Source : Investing.com