Oil Price rose about 5% and exceeded $60

Oil Price rose about 5% and exceeded $60

WAAR_DUHOK

 

Oil prices on Tuesday rose the most within this year US said that it would postpone imposing a 10% tariff on some Chinese goods.

The US said it would delay until mid-December a 10% tariff on some Chinese goods on Tuesday including laptops, cell phones, games and children’s toys.

The rebound in oil prices are a response from markets with hopes of a trade deal breakthrough between the US and China.

According to today’s market Brent oil price is $61 per barrel, while Texas crude $57 per barrel.

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