Mubasher: Oil futures went up at Friday’s settlement, rising 1.5% for the week, as US President Donald Trump announced reaching a trade agreement with China.
January Nymex WTI rose by $0.89, or 1.5%, to close at $60.07 per barrel.
The US and China agreed on Friday to an initial trade deal that would reduce tariffs between the two countries.
Source:
Mubasher