Oil Prices Surge As U.S. and China Agree to Tariff Cuts

Oil jumped by 3% early on Monday after the United States and China agreed to slash tariffs on each other, easing concerns about global trade and the economy.   As of 6:52 a.m. on Monday, the U.S. benchmark, WTI Crude, was up by 3.13% at $62.93. The international benchmark, Brent Crude, moved up above $65 per barrel and traded at $65.79, up by 2.93% on the day.  The market was expecting on Monday the outcome of the initial U.S.-China trade talks in Geneva this weekend.   Early on Monday, the White House announced that the…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com