Friday, 9 May 2025 () Crude oil futures ended the week higher, buoyed by renewed optimism around U.S.-China trade talks and signs of tightening inventories. West Texas Intermediate (WTI) settled near $59.91, marking a 2.78% weekly gain after rebounding sharply from multi-year lows earlier in the week. Bargain buying and improved sentiment supported prices despite strong macroeconomic and supply-driven headwinds. Trade Talks and Risk Sentiment Offer Limited Relief The upcoming May 10 trade negotiations between U.S. Treasury Secretary Scott Bessent and China’s top…
Amid intensifying trade tensions with the U.S., China has cut its crude oil imports from Washington by 90%, turning instead to Canada as a key supplier. Bloomberg reports record shipments from Canada's..
The trade war between the U.S. and China has reached new heights. In response to President Donald Trump's decision to raise tariffs on Chinese goods to 145%, China has retaliated by increasing its own..
Oil prices have plunged to a four-year low, with Brent crude falling below $64 per barrel amid intensifying US-China trade tensions. The collapse follows Trump’s sweeping tariff move and China’s..
Friday, 9 May 2025 ()
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