Oil Price Rebound: Trade Optimism Lifts Crude After Two-Week Slump

Oil markets rebounded this week after two straight weeks of losses, thanks to renewed trade discussions between the U.S. and China—the world’s two largest economies. A positive phone call between Presidents Trump and Xi reignited hopes for a potential trade deal, driving optimism about future oil demand. Brent crude rose 2.2% for the week, while WTI surged 4.1%. Canada’s re-engagement in trade talks with the U.S. added to the upbeat sentiment. These developments suggest a more stable economic outlook, which may influence commodity investors and global growth forecasts. The oil price rebound remains volatile as markets react to ongoing tariff […]