U.S. benchmark oil prices settled Tuesday at their highest in three weeks, as trade-war optimism helped “alleviate consumer-demand concerns and recession worries,” said Tyler Richey, co-editor at Sevens Report Research.

Base metal prices rise as the U.S. and China agree to substantially cut tariffs pending further talks, with LME three-month copper up 0.8% at $9,515.50 a metric ton and LME three-month aluminum up 2% at $2,