Oil begins new week with gains as focus remains on trade

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Oil begins new week with gains as focus remains on trade
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West Texas Intermediate crude rose 0.17% to $57.87 a barrel, having ended last week little changed

Singapore —

Brent crude futures were at $63.46 was up 7c, or 0.11%, the benchmark having also finished little changed last week. This came a day after both President Donald Trump and Chinese President Xi Jinping expressed a desire to sign an initial trade deal and defuse a 16-month tariff war that has lowered global growth — though Trump also said he has yet to decide whether he wants to finalise a deal while Xi said he will not be afraid to retaliate when necessary.

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