Commodities
Oil Advances as US Trade Deal With UK Stokes Risk-On Appetite
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Oil rose as President Donald Trump announced a trade framework with the UK, spurring some optimism about deals to come.
West Texas Intermediate climbed 3.2% to approach $60 a barrel. Trump said the UK would fast-track US items through its customs process and reduce barriers on billions of dollars of agricultural, chemical, energy and industrial exports, including ethanol. Notably, the terms are limited in scope and a 10% baseline tariff remains.