Asia hopes for cheaper oil as Opec boosts output, but trade doubts linger

Asia hopes for cheaper oil as Opec boosts output, but trade doubts linger

For import-reliant Asia, the Opec+ output rise is a welcome development. Markets are still on edge over US-China trade uncertainty, however.

Oil prices rise weekly amid US inventory drop, trade talks, OPEC+ move

Crude prices rebound sharply as demand signals strengthen and global trade tensions ease - Anadolu Agency

Oil Markets Cool After Strong Rally as Trade Optimism Fuels Recovery

Oil markets cool after a strong rally as trade optimism fuels recovery amid US-China negotiations. Explore the latest developments. In early trading Saturday, crude oil benchmarks eased slightly, with Brent crude dipping 0.12% to $62.88 and WTI slipping 0.23% to $59.88. This minor pullback follows an impressive rally over the past 48 hours that pushed […]

Oil Prices Hold Firm on Trade Talk Optimism

Crude oil futures ended the week higher, buoyed by renewed optimism around U.S.-China trade talks and signs of tightening inventories. West Texas Intermediate (WTI) settled near $59.91, marking a 2.78% weekly gain after rebounding sharply from multi-year lows earlier in the week. Bargain buying and improved sentiment supported prices despite strong macroeconomic and supply-driven headwinds. Trade Talks and Risk Sentiment Offer Limited Relief The…

Oil prices up, set for weekly gain on U.S.-China trade talk optimism

Brent crude rose by 98 cents to $63.82 a barrel by 2:03 p.m. ET, while U.S. West Texas Intermediate crude was up $1 at $60.91

Optimism Around US-China Trade Deal Pushes Oil Prices Higher

By Adedapo Adesanya Oil prices closed almost 2 per cent higher on Friday as a US trade deal with the United Kingdom turned investors optimistic ahead of talks between top officials from the US and China. Brent crude futures rose by $1.07 or 1.7 per cent to settle at $63.91 per barrel and the US West Texas Intermediate