Oil headed for its biggest weekly increase since mid-July after a sizable drop in American crude inventories and an apparent pause in U.S.-China trade hostilities eased demand fears.
Author: Tsuyoshi Inajima and Alex Longley
Oil Rises After OPEC Reaffirms Commitment to Production Cuts
Oil in New York rose to the highest level this year after OPEC and its partners agreed to go beyond their pledged supply curbs in the coming months.