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Workers cross walkways between zones aboard an offshore oil platform in the Persian Gulf’s Salman Oil Field, near Lavan island, Iran, on Jan. 5. 2017.
Ali Mohammadi | Bloomberg | Getty Images

Oil prices rose on Tuesday on hopes of progress towards a trade agreement between the United States and China, the world’s biggest oil users, and predictions of a draw on U.S. crude inventories.

Brent crude, the international price benchmark, gained 34 cents, or 0.5%, to trade at $63.99, while West Texas Intermediate crude gained 23 cents, or 0.4%, to trade at $58.24 a barrel. Read more…