Oil Updates — Brent crude climbs over $1 on US-China talks

HOUSTON, June 6 : Brent crude rose more than $1 a barrel on Friday and oil prices were on track for their first weekly gain in three weeks after US President Donald Trump and Chinese leader Xi Jinping resumed trade talks, raising hopes for growth and stronger demand in the world’s two largest economies. Brent crude futures gained $1.50, or 1.61 percent, to $66.39 a barrel by 4:49 p.m. Saudi time. US West Texas Intermediate crude climbed $1.02, or 1.61 percent, to $64.39. On a weekly basis, both benchmarks were on track to settle higher after declining for two straight weeks.

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