World oil prices rose by 1% on April 28 morning after news about the government's support for the Chinese economy and the progress of US trade talks with Asian countries, Report informs via trading data.
The price of July Brent oil futures rose by 0.43% to $66.08 per barrel, while June WTI futures rose by 0.51% to $63.34.
China is the largest importer of oil, so investors are monitoring the state of the country's economy.
Thus, Chinese officials have confirmed plans to increase support for economic growth and employment due to the protracted trade war with the United States.
