Baker Hughes announced today that the US oil drilling rigs count increased by 2 rigs to 712 during this week.

While the natural gas rigs fell by 1 to 143 rigs, with the total of oil and gas rigs rising by 1 to 856.

Oil prices advanced today, to extend gains buoyed by the high sentiment about the trade talks between the US and China, while the US dollar shapely fell against most major currencies.

Later today, Baker Hughes will release its data on the US oil and gas drilling activity during this week.

The Iranian government revealed today that one of its oil tankers was struck by two missiles in the Red Sea near the coast of Saudi Arabia,

As of 16:51 GMT, the dollar index fell by 0.4% to 98.2 points, with an intraday high of 98.7 and a low of 98.2 points.

While WTI futures for November delivery rose by 1.6% to $54.3 a barrel, with a session-high of $54.8 and a low of $53.6.

Brent futures for December delivery gained 1.8% to $60.2 a barrel, with a high of $60.6 and a low of $59.2.

Gold prices fell during trading hours today, to post lowest close month to date, as stocks markets surged amid news of a US-China trade agreement, shrugging off the dollar sharp decline.

News reports quoted sources that the US and China have reached a partial trade agreement today, under which China will buy more US agricultural products and the US ease the tariffs.

As of 18:14 GMT, the dollar index fell by 0.4% to 98.2 points, with an intraday high of 98.7 and a low of 98.2 points.

Gold futures for December delivery fell by 0.8% to close at $1,488.70 an ounce (the lowest close since September 30), and posted a weekly loss of 1.6%, with a session-high of $1,508 and a low of $1,478.

Bloomberg quoted sources that the US and China reached a partial trade agreement today after the 2-day round of high-level talks between the world's largest two economies.

The partial deal is temporary in preparation for a final agreement between Washington and Beijing, according to the sources.

The final agreement will include China buying more US agricultural products and the US will cancel the tariffs and lift the restrictions on Huawei.

President Trump will meet today with the Chinese Vice Premier Liu He to discuss a final and comprehensive trade agreement.