Oil soars as trade deal spurs energy demand hopes

Dawn | Jan 17, 2020 at 6:59 AM
  • Oil rose more than 1 per cent on Thursday, as progress on another major trade deal fed optimism that energy demand will grow in 2020.
  • The US Senate approved a revamp of the US-Mexico-Canada Free Trade Agreement a day after the signing of the Phase 1 trade deal between U.S and China.
  • The US Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement.