Oil prices rose sharply on Tuesday after U.S. President Donald Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later this month. Tensions in the Middle East after last week’s tanker attacks also lent support. Brent crude futures were trading 93 cents higher at $61.87 a barrel by 1403 GMT, after hitting a session low of $60.25. U.S. West Texas Intermediate crude futures gained $1.37 to $53.30, off a session low of $51.50. “Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting,” Trump tweeted on Tuesday. Fears of a confrontation between Iran and the […]