Oil prices edged up on Thursday, with markets focusing on the high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping to see if it will yield any positive results towards a resolution for the Iran war.

Trump is expected to encourage China to convince Iran to make a deal with Washington to end the Middle East war, but analysts doubt that Xi will be willing to push Tehran too hard.

International Business News: Oil prices edged higher on Thursday as traders remained cautious ahead of US President Donald Trump’s meeting with Chinese President Xi Jinping in Bei.