Oil prices have recovered, supported by lower OPEC production, and reports that the United States and China are close to an agreement to end the bitter fee dispute, which has curbed the growth of the global economy.

Brent crude oil futures reached $ 65.25 a barrel by 0713 GMT, 18 cents or 0.3% higher than the last settlement.

US West Texas Intermediate crude contracts reached $ 55.94 a barrel, up 14 cents or 0.3%.

The improvement in prices follows reports that the United States and China are close to ending their raging trade dispute a year ago.

It is noteworthy that yesterday's talks between the two countries, according to insiders, are approaching an agreement that will abolish US fees on Chinese goods of at least $ 200 billion, with pledges from Beijing to economic changes. Structure and cancellation of duties levied on American goods.

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Iran's Oil Suffering