Oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-U.S. trade war and OPEC-led efforts to constrain supply, although trading was quiet as many markets were in holiday mode. Brent crude LCOc1 was up 28 cents, or 0.4%, at $67.48 a barrel by 0651 GMT. West Texas Intermediate CLc1 was up 25 cents, also a 0.4% gain, at $61.36 a barrel. “Oil prices continue to show year-end strength supported by a combination of definitive progress on the U.S.-China trade deal, the Dec OPEC/OPEC+ agreement, and slowing shale activity,” said Stephen Innes, chief Asia market strategist at AxiTrader. “All of which is pointing to a stronger performance for oil prices in Q1 than anyone had thought only two months ago.” U.S. President Donald Trump […]