Oil Prices Rebound After a Sharp Selloff

Oil Prices Rebound After a Sharp Selloff

Oil prices rebounded in early Asian trading on Monday, recovering from sharp losses in the previous session as investors grew cautiously optimistic that potential talks between President Trump and President Xi could ease tensions between the world’s two largest economies and oil consumers. At the time of writing, Brent was up 1.64% at $63.76, while WTI had risen 1.73% to $59.92. This rebound came after oil prices tumbled by more than 4% on Frida…

Oil Rebounds on Signs of Easing in China-US Trade Tensions

Oil rose after after President Donald Trump’s administration signaled openness to a deal with China to quell fresh trade tensions between the two biggest crude consumers.

S&P 500 Futures Jump as China Trade Rhetoric Cools: Markets Wrap

US equity-index futures climbed and oil rebounded after President Donald Trump signaled an openness to a deal with China, improving sentiment after …

Oil rebounds 1% after sharp losses on US-China tensions - Regional Media News

By Florence Tan SINGAPORE (Reuters) -Oil prices clawed back some gains on Monday after hitting five-month lows in the previous session as investors hoped potential talks between the presidents of the U.S. and China could ease trade tensions between the world’s two largest economies and oil consumers. Brent crude futures rose 87 cents, or 1.39%, to $63.60 a barrel by 0045 GMT after settling down 3.82% on Friday to the lowest since May 7. U.S. Wes…