Oil held near a one-week high in early Asia trading as investors digested signals that a U.S.-China trade deal is imminent.
Futures in New York were steady after ending Monday’s session 0.6% higher. Chinese government officials are considering locations in the U.S. where leader Xi Jinping would meet U.S. President Donald Trump to sign a trade accord, people familiar with the plans said.
West Texas Intermediate for December delivery was down 7 cents at $56.47 a barrel on the New York Mercantile Exchange at 10:26 a.m. Sydney time.
Dec. WTI rose 34 cents to settle at $56.54 a barrel on Monday, the highest since Oct. 25
Brent for January settlement added 44 cents on Monday to close at $62.13 on the London-based ICE Futures Europe Exchange.
Source : Bloomberg