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U.S. And China Hold Key To Higher Oil Prices

Oil prices have broken new multi-month highs, but the next level up may largely depend on what happens between the U.S. and Chinese trade negotiations. There have been conflicting reports in recent days. Oil prices fell back on news that China was resisting U.S. demands and digging in its heels, which the market interpreted as a bad sign for the outcome of a trade deal. The two sides have gotten this far by hashing out the easy stuff. China agreed to buy more American energy and farm products, and the U.S. delayed tariffs and signaled a desire…
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