Oil Prices Rise on US-China Trade Developments and Strong US Jobs Data
TL;DR Summary
Oil prices are rising, with ICE Brent closing above $66 per barrel due to optimism from US-China trade talks, despite ongoing geopolitical risks, Iran sanctions, and supply concerns from wildfires and regional conflicts. Key developments include Saudi Arabia's price cuts, US sanctions on Iran, and increased investment in clean energy and metals like silver and copper.
- US-China Trade Talks Lift Oil Prices Crude Oil Prices Today | OilPrice.com
- Crude climbs on US jobs report, China talks Reuters
- Oil Holds Gains After Trump-Xi Call Signals Easing Trade Tension Bloomberg.com
- Oil rises as US, China teams to meet following Trump, Xi trade call CNBC
- Oil Rises as Solid US Jobs Data Pushes Algos to Drop Short Bets Yahoo Finance
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