Reported 3 days ago
Crude oil and gasoline prices saw a recovery on Friday as easing US-China trade tensions provided optimism for global economic growth and energy demand. President Trump's remarks that tariffs on China are 'not sustainable' and an upcoming meeting with President Xi Jinping contributed to positive market sentiment. Gasoline prices experienced an uptick due to supply issues from a fire at BP's Indiana refinery. However, concerns about an oversupply in the market and geopolitical developments, including ongoing tensions in Ukraine and potential crude exports resumption from Iraq, continue to pose challenges for crude prices.
Source: YAHOO