Oil prices are still rising amid the hope of commercial breakthrough between China and America

Oil prices have continued to rise after jumping by more than 3% in the previous session, powered by the United States and China agreement to start trading negotiations this week, strengthening the hope to calm the tensions between the two largest economies in the world. Brent rough rose near the $ 63 level level, while the Western Texas midst ‘rough’ about $ 60. The US Treasury Secretary Scott Bent and Commercial Representative Jameson Ghrir will meet with Chinese officials in Switzerland later this week, in the first confirmed talks, as sustained. And the “OPEC+” coalition plans to increase idle supplies. The US Petroleum Institute, financed by the industry, has through the “OPEC+” coalition. The official data of the US government is expected to be issued later today, Wednesday.