OIL PRICE: NEAR $61
REUTERS - Oil edged further above $60 a barrel on Thursday as hopes of progress in resolving the U.S.-China trade row boosted investor sentiment, although a report showing U.S. crude inventories rose unexpectedly weighed on prices.
Crude had gained more than 4% on Wednesday as positive Chinese economic data sparked a wider market rally. On Thursday, China said Beijing and Washington agreed to hold high-level trade talks in early October.
Benchmark Brent crude was up 17 cents at $60.87 a barrel by 0945 GMT, having earlier fallen to $60.25. U.S. West…
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