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Oil prices peaked to its three-month highest mark today, buoyed up by the news of a potential resolution to the US-China trade war. Brent crude futures were priced 0.7% higher, at $64.63/barrel. WTI crude futures were up 0.5%, to $59.49/barrel. Sources privy to the matter said that the US administration has settled on suspending some tariffs and reducing others, while Beijing will hike purchases of U.S. farm products in 2020.