Crude oil price holds at $105 amid US-China talks
Crude oil prices are holding at $105 per bbl as investors look to the US-China meeting for potential positive developments. Brent crude was lower at $108.28 per bbl, influenced by the US-Iran ceasefire and China's role as a major importer of Iranian oil.
after close1 source ↓written by the desknot a recommendation
- as investors anticipate
- $105 per bbl
- on Wednesday
- $108.28 per bbl
Crude oil prices remained elevated at $105 per bbl as investors anticipate positive outcomes from the US-China meeting between President Trump and Xi Jinping. With China being a major importer of Iranian oil, developments from this two-day summit could significantly impact oil demand.
• Brent crude traded lower at $108.28 per bbl on Wednesday.
• The ongoing US-Iran ceasefire is also influencing market sentiment.
Traders should monitor any announcements from the meeting closely, as they may affect oil price movements.
Not investment advice. For informational purposes only.