Oil rises after Trump assurance on China trade deal


An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia.

Simon Dawson | Bloomberg | Getty Images

Oil prices rose on Tuesday after a volatile session sparked by confusion over the status of the U.S.-China trade deal.

Markets were unsettled by surprise comments from White House trade adviser Peter Navarro, who said the hard-won deal was “over”, though U.S. President Donald Trump later soothed jangled nerves with an assurance that the agreement was fully intact.

Brent crude rose 49 cents, or 1.14%, to $43.57 a barrel, having skidded to a session low of $42.21. West Texas Intermediate was up 45 cents, or 1.1%, at…


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