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flag Oil prices surged over 3% as the US and China agreed to cut tariffs, easing trade tensions.

flag 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. flag This optimism is expected to support the global economy and increase oil demand. flag West Texas Intermediate climbed 3.6% to $63.24, while Brent crude rose 3.4% to $66.11.

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