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Oil Rises Amid Optimism over US-China Trade TalksSingapore, 10 Jun (ONA) — Oil prices rose today as investors
awaited news from US-China trade talks in hopes a deal could boost the global
economic outlook and subsequently fuel demand.Brent crude futures rose 12 cents to $67.16 a barrel.US West Texas Intermediate crude rose 13 cents to $65.42. The
contract reached $65.38 a barrel during the session, the highest since 4 April.On Monday, Brent had risen to $67.19, the highest since April
28, buoyed by the prospect of a US-China trade deal.US-China trade talks were set to continue for a second day in
London as top officials aimed to ease tensions that have expanded from tariffs
to rare earth curbs, risking global supply chain disruptions and slower growth.A trade deal between the US and China could support the global
economic outlook and boost demand for commodities including oil. — Ends/AH