The price of the U.S. oil benchmark, WTI, hit nearly a 3-month high yesterday reaching $60.21 per barrel on news that China and the U.S. agreed to Phase 1 of a trade deal
reaching $60.21 per barrel on news that China and the U.S. agreed to Phase One of a trade deal.... [+]
of American agricultural products. The news is clearly good for oil, as this stage of the deal should stimulate more trade improve the economy.
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