UPDATE 4-Oil edges up as U.S. says trade war with China is 'on hold' [Reuters]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Reuters
Oil rises as U.S. says trade war with China is 'on hold' | Reuters 3 Min Read LONDON (Reuters) - Oil rose on Monday, lifted by a rally across stocks and other commodities, after the United States said it had put a possible trade war with China “on hold”. Brent crude futures were up 35 cents at $78.86 a barrel at 0845 GMT, having hit a high above $80 last week, while U.S. West Texas Intermediate (WTI) crude futures rose 29 cents to $71.57 a barrel. A possible U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday, giving global markets a lift in early trading on Monday. “That’s the main thing that’s driven oil and equity futures. It does for now, in terms of trade wars, put that risk away,” Petromatrix strategist Olivier Jakob said. The energy ministers of Saudi Arabia and the United Arab Emirates last week voiced concern about recent
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