A sharp rise in oil prices



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The futures oil prices opened the week Monday, rising sharply.

The rise in oil prices is due to a renewed optimism about trade negotiations between China and the United States, after the statement of US President Donald Trump on the impact of US duties on Chinese products. with Apple CEO Tim Cook.

White House economic adviser Larry Kudlow said in a televised interview Sunday that if there were telephone talks between the two countries over the next 10 days, Sino-US talks could resume.

The price of West Texas Intermediate crude, a record for US oil Monday, was $ 1.33, or 2.4% to $ 56.14 per barrel for the September delivery.

The crude price ended trading on Friday on the last day of the last trading week with an increase of 0.40 USD, or 0.7%, to 54.87 USD per barrel.

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