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Oil rises after U.S.-China deal, IEA forcast limits gains

An oil pump is seen just after sunset outside Saint-Fiacre
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LONDON/TOKYO (Reuters) - Oil prices rose on Thursday after the United States and China signed an eagerly awaited Phase 1 trade deal, giving some relief to markets, but gains were capped as the International Energy Agency said it expected oil production to outstrip demand.Brent was 36 cents, or 0.6%, higher at $64.36 a barrel by 0941 GMT, while U.S. crude was up by 22 cents, or 0.4%, at $58.03 a..
Date Published: Jan 16, 2020
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