Oil rebounds 1% after sharp losses on US-China tensions

Core Viewpoint - Oil prices rebounded after reaching five-month lows, driven by investor optimism regarding potential U.S.-China talks aimed at reducing trade tensions between the two largest economies and oil consumers [1] Group 1 - Oil prices experienced a recovery on Monday following a decline to five-month lows in the previous session [1] - Investor sentiment is influenced by hopes that discussions between the U.S. and China could alleviate ongoing trade tensions [1] - The U.S. and China are identified as the world's two largest economies and significant oil consumers, highlighting the importance of their relationship to the oil market [1]