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Oil prices rise with global markets as Trump hails positive meeting with Kim

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil prices rose alongside global markets on Tuesday as U.S. President Donald Trump said a summit in Singapore with North Korea's Kim Jong Un had made "a lot of progress", boosting hopes of a deal to end a nuclear standoff on the Korean peninsula.Brent crude futures were trading at $76.72 a barrel at 0640 GMT, up 26 cents, or 0.3 percent, from their last close.U.S. West Texas Intermediate (WTI) crude futures were at $66.42 a barrel, up 32 cents, or 0.5 percent.Global markets were lifted after Trump said the closely watched summit with Kim was "really ...

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First Published: Tue, June 12 2018. 12:25 IST
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