# Oil rises more than 2 pct on U.S.-China trade talk hope

> WTI crude rose 2.8 percent to $51.16 a barrel, its first close above $50 this year, and Brent gained to $60.06. Hopes that US-China trade talks would be extended lifted prices, while an EIA report showed larger-than-expected gasoline and distillate builds that capped gains.

- Date: 2019-01-09 · published 2019-01-09T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/11168-oil-rises-more-than-2-pct-on-u-s-china-trade-talk-hope
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Easing US-China trade tensions support expectations for global growth and fuel demand, which lifts crude prices. Bigger product inventory builds offset some of that support, limiting the upside for biofuel and diesel-linked feed input costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2019-01-10 | 5 | +13.6% | 3.3 | Hopes for extended US-China trade talks lifted demand expectations and pushed Brent to ~$60, though a gasoline/distillate build capped gains. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-01-04 | [Oil prices rise on US-China trade talks and OPEC cuts](https://feedsoft.ai/events/10834-oil-prices-rise-on-us-china-trade-talks-and-opec-cuts.md) | +11.7% | +14.6% |
| WTI | 2020-02-18 | [China takes steps to make good on trade deal](https://feedsoft.ai/events/54482-china-takes-steps-to-make-good-on-trade-deal.md) | -1.3% | -44.5% |
| WTI | 2018-12-03 | [Oil up 4 pct on trade truce, expected supply cuts](https://feedsoft.ai/events/10627-oil-up-4-pct-on-trade-truce-expected-supply-cuts.md) | +3.7% | -11.0% |
| WTI | 2025-05-12 | [Oil Prices Jump on US-China Tariff Reduction](https://feedsoft.ai/events/12549-oil-prices-jump-on-us-china-tariff-reduction.md) | +2.4% | +6.2% |
| WTI | 2019-12-16 | [Factbox: What is actually in the U.S.-China 'Phase One' trade deal?](https://feedsoft.ai/events/55443-factbox-what-is-actually-in-the-u-s-china-phase-one-trade-deal.md) | +0.6% | -3.3% |
| BRENT | 2019-01-04 | [Oil prices rise on US-China trade talks and OPEC cuts](https://feedsoft.ai/events/10834-oil-prices-rise-on-us-china-trade-talks-and-opec-cuts.md) | +11.9% | +13.9% |
| BRENT | 2018-12-03 | [Oil up 4 pct on trade truce, expected supply cuts](https://feedsoft.ai/events/10627-oil-up-4-pct-on-trade-truce-expected-supply-cuts.md) | +6.0% | -10.4% |
| BRENT | 2025-05-12 | [Oil Prices Jump on US-China Tariff Reduction](https://feedsoft.ai/events/12549-oil-prices-jump-on-us-china-tariff-reduction.md) | +1.9% | +5.9% |

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/oil-rises-more-than-2-pct-on-u-s-china-trade-talk-hope-119010901270_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.