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Oil prices rose on Thursdaypropelled higher by the longanticipated signing of an initial trade dealbetween Washington and Beijing that sets the stage for a potentially hugeincrease in energy supplies from the United States to China.Brent (LCOc1) was 33 cents or0.5% higher at $64.33 a barrel by 0118 GMT while U.S. crude was up by 28cents or 0.5% at $58.09 a barrel.Under the socalled Phase 1 dealto call a truce in a trade war between the worlds two biggest economies Chinacommitted to buying over $50 billion more of U.S. oil liquefied natural gasand other energy [read more]

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