Oil rallies on hopes for US-China trade deal

Brent crude futures were at $70.85 a barrel at 0021 GMT, up 48 cents, or 0.7 per cent.

 Brent crude futures were at $70.85 a barrel at 0021 GMT, up 48 cents, or 0.7 per cent, from their last close. Brent closed little changed in the previous session.
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