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6/23, 10:40 AM (Source: TeleTrader)
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Oil prices push higher as Trump says China deal 'intact'

Oil prices moved higher on Tuesday as United States President Donald Trump reassured markets that the trade deal with China is "fully intact" despite earlier comments from Trade Adviser Peter Navarro.

"The China Trade Deal is fully intact. Hopefully, they will continue to live up to the terms of the Agreement," Trump wrote on Twitter. Crude prices have been on the rise since countries across the globe began reopening following the height of the coronavirus pandemic.

Brent for August delivery gained 0.67% to $43.37 per barrel at 4:25 am ET. At the same time, equivalent West Texas Intermediate futures jumped 0.69% to $41.01 per barrel.

Breaking the News / JC