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Jan. 16, 2020, 2:45 p.m. EST

Oil futures end higher as U.S. trade deals raise expectations for energy demand

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By Myra P. Saefong

Oil futures ended higher on Thursday, with prices bouncing back after settling a day earlier at their lowest level since December. The U.S. and China made the first phase of their trade deal official on Wednesday and the Senate approved the U.S.-Mexico-Canada Agreement on Thursday, boosting prospects for U.S. energy demand. February West Texas Intermediate oil tacked on 71 cents, or 1.2%, to settle at $58.52 barrel on the New York Mercantile Exchange.

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Oil ends higher as U.S. trade deals with Mexico, Canada and China boost demand prospects

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