Home Business Oil climbs on short-covering, U.S.-China trade war caps gains Business Oil climbs on short-covering, U.S.-China trade war caps gains By Genpie - August 6, 2019 246 0 Facebook Twitter Google+ Pinterest WhatsApp Oil prices rose more than 1% on Tuesday as traders betting on falling prices bought back contracts to lock in profits after declines over the last three sessions due to the escalating trade tensions between China and United States.