Oil spikes after China offers to slash US trade imbalance [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Oil spikes to 6-week high after China offers to slash US trade imbalance Eddie Seal | Bloomberg | Getty Images Workers position a section of pipe during drilling operations at a gas well outside Corpus Christi. Patterson-UTI Energy is drilling the well for Decker Operating of Houston. prices sharply extended gains, rising with the stock market The plan would see China ramp up purchases of U.S. goods over the next six years with the goal of reducing its $323 billion trade surplus last year to zero by 2024. President Donald Trump However, U.S. trade negotiators — who aim to address issues like barriers to accessing the Chinese markets and China's alleged theft of intellectual property — are skeptical of Beijing's offer, according to Bloomberg, which first reported the news. Nevertheless, international Brent crude oil West Texas Intermediate (WTI) crude Both benchmarks are up about 4 percent this week, putting them on pace for a third consecutive week of gains following a three-month co
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