Oil prices rise after Trump
Photo: Mark Schiefelbein/AP/TT

Oil prices rise after Trump speech on China energy deals

Oil prices climbed again overnight Friday, amid claims by US President Donald Trump about energy deals with China.

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The US president is currently on a state visit to China. On Friday night, local time in Sweden, Donald Trump claimed that the country he is visiting wants to buy more American oil, without giving further details.

"They have agreed that they want to buy oil from the United States. They are going to go to Texas. We are going to start sending Chinese ships to Texas, Louisiana and Alaska," Trump said in an interview with Fox News.

Following the statement, the July price of North Sea oil and the June price of US WTI have both risen by about 1.5 percent, CNBC reports. Prices were at around $107.3 and $102.7 per barrel, respectively, this morning.

China has not confirmed Trump's claim.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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