NEW YORK (Reuters) - U.S. crude hit its highest level since 2014 on Monday amid rising concerns that Venezuela’s oil output could fall further following the country’s presidential election and potential sanctions on the OPEC-member nation.

BEIJING (Reuters) - Chinese state media on Monday praised a significant dialing back of trade tension with the United States, saying China had stood its ground and the two countries had huge potential for win-win business cooperation.

[HONG KONG] Asian markets rallied on Monday and the dollar extended gains after the US and China said they had agreed to hold off imposing tariffs, averting a potentially damaging trade war.

SINGAPORE (Reuters) - The dollar edged up against the yen on Monday, after U.S. Treasury Secretary Steven Mnuchin said the U.S. trade war with China is “on hold”, boosting risk sentiment amid hopes for an easing of trade tensions between the world’s two biggest economies.

SINGAPORE (Reuters) - Oil prices rose on Monday, lifted by news that China and the United States had put a looming trade war between the world’s two biggest economies “on hold”.