Reported about 11 hours ago
Oil prices increased on Friday, following a 3% rise the previous day, as easing trade tensions between the US and China emerged and Britain announced a trade deal with the US. Brent crude rose to $63.27 per barrel, while US West Texas Intermediate crude reached $60.33. A meeting between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng is set to take place on May 10 to address trade disputes that impact crude oil consumption. Analysts suggest that successful negotiations could lead to a further increase in prices.
Source: YAHOO