Oil Prices Hold Firm on Trade Talk Optimism

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…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com