Oil Prices Rebound on Hopes of U.S.-China Tariff De-escalation

Oil prices rose early on Thursday, recouping some of Wednesday’s losses, after signs emerged that there could be some tariff and trade talks between the United States and China.   As of 9:28 a.m. EDT on Thursday, the U.S. benchmark, WTI Crude, was up by 0.95% on the day and traded at $62.86. The international benchmark, Brent Crude, traded 0.7%% higher at $66.58.   Much of the market movement in recent hours was due to remarks from Washington and Beijing, hinting at possible de-escalation in the trade war and a potential…