Oil Prices On Track for Weekly Gain as Market Expects U.S.-China Trade Talks
Friday, 9 May 2025 () Oil prices are on track to post a weekly gain amid expectations that the first U.S. trade deal post-tariffs, with the UK, could be a good sign of thaw in the tense trade relations ahead of the U.S.-China talks this weekend. As of 9:45 a.m. EDT on Friday, the front-month U.S. benchmark futures, WTI Crude, were up by 0.92% at $60.42. The international benchmark, Brent Crude, was rising by 0.80% at $63.31. After posting a weekly loss last week, oil was on track early on Friday for a weekly gain this week, after the U.S. and the UK announced on Thursday…
President Donald Trump swore in former U.S. Senator David Perdue as his new ambassador to China amidst growing tensions over trade. Trump joked about Perdue’s "timing," highlighting the difficult..
President Trump is set to announce a major trade deal with a “highly respected” nation—confirmed by insiders to be the UK. The deal may include U.S. tariff cuts on British steel, autos, and..
China signals a possible shift in its trade stance, saying it's assessing U.S. proposals to restart negotiations amid escalating tariffs and economic strain. Beijing demands the U.S. show sincerity by..
Friday, 9 May 2025 ()
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