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Oil Climbs as Prospect of US-China Trade Deal Buoys Outlook

Summary by Bloomberg
Oil swung between gains and losses on the back of the biggest weekly increase since June as attention turned to the wider outlook for supply as the US and China made progress on trade.

11 Articles

Lean Left

Before the Trump-Xi meeting, the US and China take a step towards resolving their tariff dispute with an agreement on rare land and soy

Oil prices rose slightly in early trading on Monday in Asian markets, boosted by optimism about a new trade deal between the United States and China, which eased fears of a prolonged trade war between the world's two largest economies. The partial thaw in tensions has sparked optimism in markets, signaling a […] The article Oil prices rise with optimism about the trade thaw between the US and China first appeared in CursDeGuvernare.ro.

A new round of Sino-US trade talks recently reached a preliminary consensus in Kuala Lumpur, focusing on Chinese rare earths and US soybeans. Businesses in Jiangsu and Zhejiang provinces are concerned about the difficulty of implementing the agreement and hope for its swift implementation to stabilize exports and employment. The Sino-US trade talks, held in Kuala Lumpur, resulted in a preliminary agreement on tariffs and export controls, and the…

China and the United States reached a "preliminary agreement" in Kuala Lumpur, alleviating the trade tensions of recent months. In this regard, the Global Times stresses that tariff wars benefit no one, urging both powers to negotiate with equality and respect to strengthen global cooperation and stability.

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U.S. News broke the news in New York, United States on Sunday, October 26, 2025.
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