Oil prices hit three-month highs as strong US consumer spending underpins growth hopes
Brent crude futures were up 13 cents, or 0.2%, at $68.05 a barrel at 0150 GMT, while the West Texas Intermediate contract was up 13 cents, or 0.2%, at $61.81 a barrel.
Oil prices have also been buoyed by robust hopes that the New Year will usher in an end to the long-running US-China trade tariff war. Photo: Reuters