Oil prices rose on Tuesday on hopes of progress toward a trade agreement between the United States and China, the world’s biggest oil users, and predictions of a draw in U.S. crude inventories. Brent crude LCOc1, the international benchmark for oil prices, was up 20 cents at $63.85 at 0958 GMT. West Texas Intermediate crude CLc1 rose 19 cents to $58.20. Top U.S. and Chinese trade negotiators held a phone call on Tuesday morning, China’s Commerce Ministry said, as the two sides try to hammer out a preliminary “phase one” deal in a trade war that has dragged on for 16 months. The call took place amid heightened tensions between Beijing and Washington, with China saying it had summoned the U.S. ambassador on Monday to protest against the passage […]