Oil Rises as Optimism About U.S.-China Trade-War Truce Abounds
- China discloses intellectual-property protection measures
- Crude futures in New York finish session above $58 a barrel
This article is for subscribers only.
Oil advanced, shedding earlier losses, amid growing optimism about prospects for a settlement in the long-running U.S.-China trade war.
Futures rose 0.4% in New York on Monday. In a bid to address a key sticking point in the protracted trade dispute between the world’s two largest economies, China pledged to tighten intellectual property rules. The ongoing impasse has imperiled demand for petroleum-based fuels.