Oil prices were mostly steady on Monday after three weeks of gains amid optimism...
TOKYO - Oil prices were mostly steady on Monday after three weeks of gains amid optimism the United States and China were close to signing a trade deal to end a tariff war, with President Donald Trump saying an agreement would be signed “very shortly”.
A so-called phase one deal was announced earlier in December as part of a bid to end the months-long tit-for-tat trade war between the world’s two largest economies, which has sent shockwaves through markets and roiled global growth. The easing of tensions has improved business confidence and boosted the outlook for economic growth and energy demand.
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