Oil steadies as Trump prioritizes trade talks with China
pre-market1 source ↓written by the desknot a recommendation
- crude closed below
- $106 per barrel
- Intermediate hovered
- $101 per barrel
Oil prices steadied as President Trump announced that trade discussions with China will take precedence over war talks. Brent crude closed below $106 per barrel, while West Texas Intermediate hovered around $101 per barrel. Despite this positive development, tensions remain, with potential sanctions looming over Iran's oil sales to China.
Not investment advice. For informational purposes only.