Oil nears 3-month high as trade hopes, UK election boost sentiment
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NEW YORK (Reuters) - Oil rose on Friday to its highest in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain.Washington and Beijing announced a "Phase one" agreement that reduces some U.S. tariffs in exchange for increased Chinese purchases of American farm goods. Brent futures, the global benchmark, were up 85 cents, or 1.3%, to $65.05 a barrel at 1:22 p.m. EST (1822 GMT), while U.S. West Texas..