Cruces oil prices rise after Trump assurance on China Trade Deal



The Economic Times|

Oil prices rose on Tuesday after a volatile session sparked by confusion over the status of the US-China trade deal.

Markets were unsettled by surprise comments from White House trade adviser Peter Navarro, who said the hard-won deal was “over”, though US President Donald Trump later soothed jangled nerves with an assurance that the agreement was fully intact.

US-China relations have reached their lowest point in years since the coronavirus pandemic that began in China hit the United States hard. President Trump and his administration have repeatedly accused Beijing of not being transparent about the outbreak.

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