Oil rose 1.5% on Wednesday following media reports that China was open to agreeing a partial trade deal with the United States, while unrest in OPEC members Iraq and Ecuador also supported prices.

Negotiators from the United States and China, will meet in Washington on Thursday in the latest effort to agree a deal aimed at ending a long-running trade dispute that has slowed global growth.

Up next are the weekly Inventory numbers from the government's Energy Information Administration (EIA) due at 1430 GMT.

Where are commodity prices heading next?  Watch Phil Carr at The Gold & Silver Club review Crude Oil with the latest price forecast and predictions:

 

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