Reported 1 day ago
Oil prices reached multi-week highs as the US dollar weakened and investors awaited developments in US-China trade talks, with Brent crude rising to $67.04 per barrel and West Texas Intermediate at $65.29. The optimism surrounding potential trade deals has fueled a boost in demand forecasts, despite concerns over the impact of slowed Chinese export growth and a decrease in crude oil imports due to maintenance by refiners.
Source: YAHOO