Oil Prices Climb Amid Signs Of Easing US-China Trade Tensions

Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude inventories and signs that China is taking more concrete steps to put a trade war truce with Washington into action.

Crude oil prices have also been supported by OPEC-led supply curbs announced last week, although gains were capped after the producer group lowered its 2019 demand forecast.

International Brent crude oil futures were at $60.46 per barrel at 0213 GMT, up 31 cents, or 0.52 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $51.40 per barrel, up 25 cents or, 0.49 percent.

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