Energy

Oil rises after Trump assurance on China trade deal

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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…



Source cnbc.com

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