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Oil Heading for Weekly Gain Amid Optimism over US-China Tariff Talks

Summary by The National
Decline in US oil inventories indicates strong demand

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Brent crude (the global benchmark) due for delivery in August rose 1.72% and WTI (the American benchmark) due for delivery in July rose 1.91%.

·Brazil
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Oil climbs driven by optimism on the US economy Admin FCE 06 June 2025 - 17:27 Oil prices rise on Friday, carried by better than expected data on employment in the United States and after the telephone call between the Chinese and American presidents the day before, interpreted as a relaxation on the trade war.The first world economy created 139,000 jobs last month, less than in April (147,000, significantly revised to the decrease), but a littl…

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Connaissance des Énergies broke the news in on Friday, June 6, 2025.
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