Oil Rises on Optimism About US-China Talks Easing Trade Tensions
- The United States and China began a second day of trade talks in London to address trade tensions between the two nations.
- US Treasury spokesman stated that the talks resumed earlier that morning, focusing on rare earth mineral exports.
- A top adviser to US President Donald Trump expressed optimism about a positive outcome, expecting a 'big, strong handshake' by the end of the talks.
- Chinese leader Xi Jinping emphasized the importance of free trade with South Korea to maintain stability in global supply chains.
20 Articles
20 Articles
Oil Updates — prices rise as US-China talks counter OPEC supply
SINGAPORE: Oil prices climbed on Tuesday as investors awaited the outcome of US-China talks that could pave the way for easing trade tensions and improve fuel demand. Brent crude futures rose 22 cents, or 0.3 percent, to $67.26 a barrel by 09:45 a.m. Saudi time. US West Texas Intermediate crude was up 18 cents, or 0.3 percent, at $65.47. On Monday, Brent had risen to $67.19, the highest since April 28, buoyed by the prospect of a US-China trad…
Energy Report: Conflicting Signals – Archyde
Archyde oil Prices Jump on Iran Deal Hopes, Israel Conflict Fears Oil prices are experiencing a volatile surge, rebounding from a recent seven-week high amidst swirling speculation regarding a potential trade agreement with China and, more prominently, the possibility of a nuclear accord between the United States and Iran. The market is keenly assessing these geopolitical ... Read more You can read the full story here: Energy Report: Conflicting…
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