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Oil Gains for a Third Day as Trade-Deal Optimism Extends

Oil rose for a third day, buoyed by signs of progress in the prolonged U.S.-China trade dispute, despite expectations for expanding American crude stockpiles.

Futures climbed as much as 1% in New York. China is reviewing locations in the U.S. where President Xi Jinping would be willing to meet his counterpart Donald Trump to sign the first phase of a trade deal, according to people familiar with the plans, while Xi stressed his nation’s commitment to the global trading order.

Oil Gains for a Third Day as Trade-Deal Optimism Extends