Oil edges up on hopes that U.S. and China can resolve commerce dispute


SINGAPORE (Reuters) – Oil costs reversed earlier losses on Friday as hopes rose that the USA and China could resolve their commerce disputes quickly, easing considerations that an financial slowdown could weigh on gasoline demand.

FILE PHOTO – Cyprus-flagged oil product tanker “Prisco Elena” (C) and different oil tankers are seen towards the skyline of the central enterprise district (CBD) in Singapore April 18, 2012. REUTERS/Tim Chong

Entrance-month Brent crude futures had been at $73.04 per barrel at 0520 GMT…

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