U.S. oil futures settle at a nearly 2-week high on progress in trade talks with China

Myra P. Saefong
U.S. oil futures settle at a nearly 2-week high on progress in trade talks with China

Oil futures rally on Tuesday, sending U.S. prices up by 4% to their highest finish in almost two weeks, giving up earlier losses following news that the U.S. will delay tariffs on certain Chinese products until December as the two nations look to continue discussions on trade.