The price of oil extends the rebound from the monthly-low ($50.52) as the US delays a portion of the next tranche of China tariffs to December 15, and recent price action raises the risk for a larger correction as crude extends the series of higher highs and lows from earlier this week. Crude prices may continue to catch a bid as China pledge to hold talks with US representatives in two weeks, and fresh details of an imminent trade agreement should keep oil afloat as it instills an improved outlook for consumption. It remains to be seen if a resolution will be reached ahead of the new deadline as the People’s Bank of ... (full story)