Oil Prices Jump to 2-Month High on Middle East Concerns, Trade Optimism
1. Oil prices rose 5.2% amid U.S.-China trade deal optimism. 2. Concerns over Middle East tensions drove fears of supply disruptions. 3. Soft inflation report boosted market confidence and demand expectations. 4. OPEC's supply increase in June previously slumped prices to $57. 5. Energy stocks gained, with notable rises for Occidental Petroleum and ConocoPhillips.