Crude oil prices climbed this week on hopes that the U.S. and China might come to a trade agreement after a deal was announced with the UK.Friday, May 9th, 2025 ICE Brent futures have recovered to $64 per barrel as oil markets keep their hopes high for the upcoming first round of US-China trade talks this weekend.
Should US Treasury Secretary Scott Bessent reach some sort of breakthrough with his Chinese counterpart He Lifeng, May could recoup most of April’s losses. US Slaps Sanctions on Third Chinese Refiner. The US Department…Trade Optimism Pushes Oil Prices Higher
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