Oil Rises as Investors Focus on U.S.-China Trade Tensions

Group 1 - Oil prices increased in early trade, with Brent crude rising 1.6% to $63.71 per barrel and WTI also gaining 1.6% to $59.39 per barrel after a previous decline of about 4% last week [1] - President Trump's recent conciliatory remarks regarding China followed his earlier announcement of a potential 100% tariff on imports from Beijing, impacting market sentiment [1] Group 2 - Analysts at Goldman Sachs highlighted the uncertainty surrounding the implementation of tariffs, noting potential severe effects on global supply chains and high-tech production if they are enacted [2] - The market is focused on whether the tariffs will be implemented or if they are merely a strategy for negotiating leverage [2]