Commodities
Oil Rises in Thin Trade With Iran Supply, Trade Talks in Focus
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Oil rose for a second day after the Trump administration ratcheted up pressure on Iran’s energy exports, while talks between the US and a handful of key trade partners stirred optimism that agreements on trade can be reached.
West Texas Intermediate surged 3.5% to settle near $65 a barrel, marking the largest two-day increase since early January. President Donald Trump said he is confident a trade deal with the European Union could be achieved, and negotiations between the US and Japan bolstered expectations that deals can be struck to avoid the worst effects of tariffs.