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Oil prices firm on hopes for US, China trade deal

Updated : February 25, 2019 04:08 PM IST

International Brent crude oil futures were at $67.28 a barrel at 0950 GMT, up 16 cents, or 0.24 percent, from their last close. On Friday, they briefly touched their highest levels since Nov. 16 at $67.73 a barrel.
International Brent crude oil futures were at $67.28 a barrel at 0950 GMT, up 16 cents, or 0.24 percent, from their last close. On Friday, they briefly touched their highest levels since Nov. 16 at $67.73 a barrel.
President Donald Trump said on Sunday he would delay an increase in US tariffs on Chinese goods scheduled for later this week thanks to progress in trade talks and said if progress continued, he and Chinese President Xi Jinping would seal a deal.
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