Deal Or No Deal: Will The Oil Rally Continue?

U.S. West Texas Intermediate crude oil futures are barely holding on to their marginal weekly gains early Friday as confusion has set in over whether there is a trade deal between the United States and China. Earlier in the session on Friday, the market hit a three month high in response to the news that the United States and China had reached a “phase one” trade agreement. Three sources close to the talks told CNBC on Thursday, the Trump administration has reached a phase one trade deal with China in principle, pending approval from…