Oil steady as investors assess US-China trade truce


Brent futures rose 8 cents, or 0.1%, to settle at US$65.00 a barrel, while US West Texas Intermediate (WTI) crude rose 9 cents, or 0.1%, to settle at US$60.57.

NEW YORK: Oil prices held steady on Thursday as investors assessed a potential trade truce between the United States and China after US President Donald Trump lowered tariffs on China following a meeting with Chinese leader Xi Jinping in South Korea.

Brent futures rose 8 cents, or 0.1%, to settle at US$65.00 a barrel, while US West Texas Intermediate (WTI) crude rose 9 cents, or 0.1%, to settle at US$60.57.

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