Oil rose to the highest level this year as Saudi Arabia curtailed output at its largest offshore field and amid signals of a thaw in U.S.-China trade tensions.
Futures in New York advanced 2.2 percent Friday. Saudi Arabia was said to trim supply from its giant Safaniyah field to repair a damaged power cable. Chinese President Xi Jinping said U.S.-China trade talks would continue next week in Washington. The countries are racing to reach a deal that would avert a tariff increase on Chinese goods after March 1.
