Brent crude oil prices climb on US output cuts, China trade deal hopes


By Jessica Jaganathan SINGAPORE (Reuters) - Brent crude oil prices rose on Wednesday, lifted by U.S. producers shutting most of their offshore output in the Gulf of Mexico ahead of Hurricane Laura and optimism over China-U.S.

trade talks. But gains were capped amid renewed concern over the coronavirus pandemic, which has squeezed fuel demand, after reports from Europe and Asia of patients being re-infected with COVID-19, raising concerns about future immunity. Brent crude oil futures added 10 cents, or 0.2%, to $45.96 a barrel.....

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