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Oil prices surged over 3% as the US and China agreed to cut tariffs, easing trade tensions.
Oil prices saw a significant boost of over 3% after the US and China agreed to reduce tariffs, easing trade tensions between the two economic giants.
This optimism is expected to support the global economy and increase oil demand.
West Texas Intermediate climbed 3.6% to $63.24, while Brent crude rose 3.4% to $66.11.
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Los precios del petróleo aumentaron más del 3% a medida que Estados Unidos y China acordaron reducir los aranceles, aliviando las tensiones comerciales.