Oil Prices Rise as U.S.-China Trade Thaw Boosts Demand Optimism

Oil prices edged higher in early Asian trading on Monday, lifted by optimism over a new trade framework between the United States and China that has eased fears of a prolonged trade war between the world’s two largest economies. The partial thaw in tensions gave markets a boost, signaling a potential recovery in global demand sentiment after months of uncertainty. At the time of writing, WTI had risen 0.26% to $61.66 while Brent was trading at $66.12, a 0.27% increase. The move followed news that senior U ...