Oil hits three-month highs on U.S.-China trade hopes© firstpost.com

Oil hits three-month highs on U.S.-China trade hopes

, 6 news, 0 views

NEW YORK (Reuters) - Stocks rose in major markets across the world on Friday on bets of progress in trade talks between China and the United States, while crude futures hit their highest level in more than three months supported by ongoing supply cuts.

U.S. President Donald Trump said on Friday that there was a very good chance the United States would strike a deal with China to end their trade war and that he was inclined to extend his March 1 deadline to reach an agreement.

U.S. and Chinese negotiators meeting in Washington had made progress and would extend this week's round of negotiations by two days, he said.