Oil rises after U.S.-China deal, IEA forcast limits gains (reuters.com)

Oil prices rose on Thursday after the United States and China signed an eagerly awaited Phase 1 trade deal, giving some relief to markets, but gains were capped as the International Energy Agency said it expected oil production to outstrip demand.

Trade sources and analysts said China could struggle to meet the target and gains in oil are likely to be limited ahead of more detail on how the commitments will be achieved.
more at source: https://www.reuters.com/article/us-global-oil-idUSKBN1ZF05Q

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