Oil Edges Higher as U.S., China Seek to De-Escalate Trade Tensions (USO:NYSEARCA)

Oil edges higher as U.S., China seek to de-escalate trade tensions (USO:NYSEARCA)

Crude oil futures rose, recovering some of the previous session's sharp losses, after President Trump followed his previous threat of hefty tariffs on China with a more conciliatory tone.

Oil Prices Rollercoaster: Trade War Fears & OPEC Moves Spark 5-Month Lows

Trade War Volatility Hits Oil Oil markets this week have been buffeted by the ebb and flow of US-China trade developments. On Oct 10, Trump’s threat of massive new tariffs on Chinese imports sent Brent and WTI tumbling over 4%, to lows not seen since May reuters.com. The sell-off reflected a broader shift to “risk-off” sentiment, as UBS’s Giovanni Staunovo noted that Trump’s announcement drove oil down reuters.com. However, reports that a Trump-…

China continues to import large quantities of crude Oil – Commerzbank

Oil prices recovered somewhat at the start of the week from Friday's slump as the US signaled its willingness to negotiate following its latest tariff threat against China, Commerzbank's commodity analyst Carsten Fritsch notes.

Oil Prices Edge Higher Amid Easing US-China Trade Tensions

Key highlights- Oil prices rebound on early signs of easing US-China trade tensions, with Brent at $63.54 and WTI at $59.71 per barrel. OPEC maintains optimistic outlook for global oil demand in 2025-26, projecting growth of 1.3–1.4 million barrels per day. Trade frictions and geopolitical tensions continue to weigh on the market, with potential impact from rare earth export controls and Ukraine-related supply concerns. Oil prices experienced a…

Oil prices edge higher amid easing U.S.-China tensions

Oil prices inched higher on Tuesday as signs of a possible easing in trade frictions between the United States and China lifted market confidence and helped offset worries about global fuel demand. U.S. Treasury Secretary Scott Bessent said Monday that President Donald Trump still intends to meet with Chinese President Xi Jinping in South Korea later this month, as both nations work to cool tensions surrounding tariffs and export restrictions. B…