Oil rebounds on fresh hopes for U.S.-China trade deal
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SEOUL (Reuters) - Oil prices rose on Thursday amid new hints from China on progress towards a trade deal with the United States, offsetting downward pressure from a huge increase in U.S. crude stockpiles. Brent crude futures were up 33 cents, or 0.5% at $62.07 a barrel by 0812 GMT after settling down $1.22 per barrel, or almost 2% on Wednesday. West Texas Intermediate crude futures rose 37 cents, or 0.7%, from their last close to $56.72 a barrel. They settled 88 cents lower, or 1.54%, in..