Oil rises 2 percent on hopes of market rebalance, trade deal
Updated : February 20, 2019 11:08 PM IST
Prices were also supported by strong equity markets after signs of progress in trade talks between the United States and China.
US President Donald Trump said negotiations with China were going well and suggested he was open to extending the deadline to complete them beyond March 1, when tariffs on $200 billion worth of Chinese imports are scheduled to rise to 25 percent from 10 percent.
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