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Oil Prices Advance as Trump Reportedly Agrees to Partial Trade Deal with China


Friday, 13 December 2019 12:49 WIB

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Oil prices advanced on Friday in Asia as U.S. President reportedly agreed to a partial deal with China to pause the trade war.

U.S. Crude Oil WTI Futures rose 0.5% to $59.48 by 12:01 AM ET (04:01 GMT), while International Brent Oil Futures gained 0.6% to $64.61.

Washington has agreed to not impose additional tariffs on Chinese goods and might reduce existing duties, multiple newswires cited sources and reported today.

In return, Beijing will increase its buying of U.S. farm products. The deal could be officially announced later in the day, BBC News said, noting that many of the more difficult issues are still to be addressed.

Source : Investing.com


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