Crude futures extend gains in afternoon trade, lifted by optimism surrounding global trade negotiations. Brent crude is up 1.6% to $62.11 a barrel, while WTI rises 1.9% to $59.18 a barrel. Market sentiment was buoyed by reports of a potential trade deal between the U.

Oil prices ticked higher in early trading supported by optimism over upcoming trade talks between Washington and Beijing. Brent crude rose 0.4% to $61.34 a barrel, while WTI was up 0.5% to $58.34 a barrel.

Good morning and welcome to the A.M. Alert! GAS WARS COULD DRIVE PRICES UP Two California oil refineries intend to shutter over the next year, which could push average gas prices in the state to $6 per gallon or higher,