Oil Poised for Weekly Gain After U.S.-China Trade Talks Resume

Oil Poised for Weekly Gain After U.S.-China Trade Talks Resume


Oil prices dipped in early trading but are on track for a weekly gain of more than 3% after President Trump and Chinese leader Xi Jinping agreed to further trade talks.

Still, expectations the OPEC+ will agree to another large output hike to regain market share and take advantage of seasonal demand continue to hang over the market.

Brent crude fell 0.6% to $64.95 a barrel, while WTI was down 0.7% to $62.95 a barrel.


www.barrons.com
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