Oil rises after Trump assurance on China trade deal
- Oil prices rose on Tuesday after a volatile session sparked by confusion over the status of the U.S.-China trade deal.
- Brent crude rose 80 cents, or 1.86%, to $43.88 a barrel, having skidded to a session low of $42.21. West Texas Intermediate was up 81 cents, or 2%, at $41.55 a barrel after touching a low of $39.76.
- U.S-China relations have reached their lowest point in years since the coronavirus pandemic that began in China hit the United States hard. President Trump and his administration have repeatedly accused Beijing of not being transparent about the outbreak.