Commodities
Oil Edges Up as Traders Eye Next Moves in US-China Trade Tumult
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Oil edged higher in a day of listless trading as investors parsed conflicting messaging on the progress of trade talks between the US and China.
West Texas Intermediate futures rose to settle near $63 a barrel, but still notched their third weekly loss in the past four. Chinese authorities are weighing removing additional levies on a number of products including ethane, according to people familiar with the matter, as economic costs mount for certain industries. Shares in China’s top buyers of the fuel from the US jumped.