Oil prices rise on support from U.S.-China trade hopes

Oil prices rose again on Friday, a day after the announcement of a trade agreement between the United States and the United Kingdom, seen as the first sign of a truce in President Donald Trump's tariff offensive.The price of the North Sea Brent crude barrel for delivery in July rose by 1.70%, to $63.91. Its American equivalent, the West Texas Intermediate barrel, for delivery in June, won 1.85%, to $61.02.On Thursday, Trump announced an agreemen…

Oil Rises as Focus Shifts to US-China Trade Talks After UK Deal

Oil rose as algorithmic traders fled short positions amid renewed optimism about trade talks between the US and China this weekend.

Oil Markets Brace for Volatility as Trade Talks Collide with Production Surge

Brent crude edged up 0.1% to $62.91/barrel early Friday, while WTI rose 0.1% to $59.98, extending Thursday’s 3% rally fueled by U.S.-China trade optimism and shrinking inventories. Prices remain 15-16% below January levels despite the uptick, reflecting persistent oversupply risks and wavering demand. OPEC+ accelerated production hikes by 411,000 barrels per day this week, pushing […]

Oil Prices Rise on Hopes of U.S. Trade Deals

Oil prices rose over 1% on Thursday as markets anticipated a U.S.-UK trade deal and the beginning of U.S.-China trade talks.

Oil prices rise on support from U.S.-China trade hopes

Brent crude futures were up $1.70 at $62.82 a barrel at 1:12 p.m. EDT, while U.S. West Texas Intermediate crude rose $1.79 to $59.86

Oil Holds Decline With Market Focused on US-China Trade Talks

Oil rose as Donald Trump said the US reached a trade agreement with the UK, the first of his promised deals with countries around the world.