Shafaaq

Oil prices are making a big leap

Oil prices jumped on Tuesday after Washington announced a postponement of customs duties on Chinese goods, which traders saw as a lull in the raging trade war between Washington and Beijing.

According to Bloomberg, Brent contracts were trading at $ 60.80 a barrel, up 4% from the previous settlement price.

WTI crude was trading at $ 56.85 a barrel, up 3.5% from the previous close. Source