SINGAPORE (Reuters) - Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies, and in relief that the United States and Mexico averted a trade war that would have damaged the global economy.

FUKUOKA, Japan (Reuters) - Global trade tensions threaten an expected pick-up in economic growth this year and in 2020, a draft communique by the world’s financial leaders showed on Saturday, but the policymakers were divided on whether the need to resolve them was “pressing”.

SYDNEY (Reuters) - Asian share markets dithered on Friday as investors waited for concrete signs of progress in the U.S.-Mexican trade standoff, while bracing for a U.S. jobs report that could sway the course of interest rates there.

WASHINGTON (Reuters) - A group of major automakers on Thursday backed a compromise on vehicle emissions aimed at heading off a confrontation between California and the Trump administration over requirements through 2026, warning that the lack of a deal could lead to “an extended period of litigation and instability.”

TOKYO (Reuters) - Oil prices rose around 1% on Friday to move further away from five-month lows hit earlier in the week, buoyed by a report that Washington could postpone trade tariffs on Mexico and signs OPEC and other producers may extend crude supply cuts.

KEY POINTS

• Fiat Chrysler, the No. 4 automaker in the United States, reported a 2.1% rise in sales to 218,702 vehicles.
• Japanese automaker Toyota sold 222,174 vehicles, recording a 3.2% rise.
• S. auto sales are expected to be about 16.9 million units in 2019, a 2.5% fall from 2018.

Major automakers on Monday posted higher U.S. new vehicle sales for May, the first increase for 2019 as a strong economy and upbeat consumer sentiment fueled demand.