Oil prices rise 1% as China pushes Donald Trump for more tariff rollbacks


Oil prices rose more than 1% on Tuesday on hopes for a US-China trade agreement and optimism that Washington could roll back some tariffs on Chinese imports. Brent crude futures rose 74 cents, or 1.2%, to $62.87 a barrel by 12:56 pm EST (1756 GMT).

US West Texas Intermediate (WTI) crude futures rose 68 cents, or 1.2%, to $57.22 a barrel. China is pushing US President Donald Trump to remove more tariffs imposed in September as part of a so-called Phase 1 deal, which would ease the economic impact of the trade dispute between the.

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