Reported 19 days ago
Oil prices increased on Tuesday, supported by early signs of a thaw in U.S.-China trade tensions, which improved market sentiment and eased fears of reduced global fuel demand. U.S. President Trump is set to meet with Chinese President Xi in South Korea later this month, contributing to optimism despite ongoing trade issues. Brent crude rose 0.4% to $63.54 a barrel, while U.S. West Texas Intermediate also gained 0.4% to $59.71 a barrel. Analysts suggest that improved trade relations between the world's two largest economies could boost oil market confidence, despite ongoing geopolitical challenges.
Source: YAHOO