Market News
Oil prices gain ahead of Sino-US trade talks - REUTERS
By Mohi Narayan
Summary
- All eyes on US-China talks in Switzerland on May 10
- OPEC April oil output edged lower despite plans for hike -Reuters survey
- China's April exports exceed expectations, imports declines slimmed
NEW DELHI, May 9 (Reuters) - Oil prices were up on Friday, after rising about 3% in the previous session, as trade tensions between top oil consumers U.S. and China showed signs of easing and Britain announced a "breakthrough" trade deal with the United States.
Brent crude rose 43 cents, or 0.68%, to $63.27 a barrel while U.S. West Texas Intermediate crude was up 42 cents, or 0.7%, at $60.33 a barrel as at 0731 GMT. On Thursday, both contracts settled nearly 3% up.
