Oil prices climbed more than 1% on Thursday as markets responded positively to upcoming trade negotiations between the United States and China, the world’s two largest oil consumers. Brent crude futures rose 89 cents (1.5%) to $62.01 a barrel, while U.S. West Texas Intermediate crude increased by $1.02 (1.8%) to $59.09. SEB analyst Ole Hvalbye noted the market has stabilized above $61 a barrel, with support coming from optimism around the scheduled “ice-breaker” talks between U.S. Treasury Secretary Scott Bessent and China’s top economic official on May 10 in Switzerland. Analysts suggest that other trade agreements, such as the one announced with the UK, could also positively impact the market.
However, planned production increases by OPEC+ are expected to exert downward pressure on prices. Citi Research has reduced its three-month Brent forecast to $55 from $60 per barrel, while maintaining its $60 long-term outlook for the year. They also noted that a potential U.S.-Iran nuclear deal could push Brent prices toward $50, while failure to reach an agreement could drive prices above $70.

Why the U.S. Dollar Is Losing Purchasing Power (And How to Protect Your Wealth)
For most Americans, something feels off. You work harder. You earn more. Yet your money buys less. Groceries. Insurance. Healthcare. Rent. Utilities. It’s not your imagination. The U.S. dollar has been quietly losing purchasing power for over a century — and the system driving that decline is built on ever-expanding debt. Here’s what’s actually happening under the hood — and why it matters to your wealth. The System Most People Never See In earlier eras, paper currency was redeemable for something tangible. Today, the dollar is backed by government credit — and sustained by debt. When the federal government spends more




