Economy

Oil prices gain ahead of Sino-US trade talks

Date: May 9, 2025

Oil prices were up on Friday, after rising about 3% in the previous session.

The trade tensions between top oil consumers United States (US) and China showed signs of easing.

The Britain announced a "breakthrough" trade deal with the US.

Brent crude rose 43 cents, or 0.68%, to $63.27 a barrel while US West Texas Intermediate crude was up 42 cents, or 0.7%, at $60.33 a barrel.

On Thursday, both contracts settled nearly 3% up.

--Reuters--

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