TNT

  In Global, TNT

Tishwash: Reuters: Oil rises 5%, with hopes for the US-China trade agreement to stay the same and crude production will decline

Oil prices rose, after US crude futures closed at record monthly gains, according to Reuters and followed by Al-Mirbed.

West Texas Intermediate crude futures for July delivery were settled at $ 35.49 a barrel, jumping $ 1.78, or 5.3 percent.

Brent crude closed at $ 35.33 a barrel, up four cents.

West Texas Intermediate recorded the largest monthly increase ever at 88 percent after trading last month with negative values, and Brent rose nearly 40 percent, the largest monthly increase since March 1999.   link