SINGAPORE (Reuters) - U.S. oil prices edged up on Thursday, buoyed by a drawdown in inventories and by signs of easing trade tensions between Washington and Beijing. Oil prices have also been supported by OPEC-led supply curbs announced last week, although gains have been muted after the producer group lowered its 2019 demand forecast. U.S. West Texas Intermediate (WTI) crude futures <CLc1> were at $51.27 per barrel at 0020 GMT, up 0.23 percent from their last settlement. International Brent crude oil futures <LCOc1> had yet to trade. "Crude oil prices rose, helped by the easing trade tension, as well as a fall in inventories," ANZ bank said on Thursday. "The news that China is looking to redraft its 'Made in China' 2025 plan boosted hopes that trade talks are progressing better than expected." China appears to be easing its high-tech industrial development push, dubbed 'Made in China 2025', which has long irked the United...
SEOUL (Reuters) - South Korea's Hyundai Motor Co <005380.KS> plans to provide funding worth 1.7 trillion won (1.2 billion pounds/$1.5 billion) to stabilise management of its suppliers, the company said in a statement on Thursday. The funding is designed to also support research and development and innovation by the suppliers.