Oil Prices Bounce: US-China Talks Fuel Hope

Oil prices rebound on US-China talks! After a Trump-induced tumble and Gaza ceasefire, a planned Trump-Xi meeting at the APEC summit sparks hope, nudging WTI crude near $60 and Brent above $63. But, a shrinking premium for immediate delivery hints at oversupply worries, and OPEC forecasts a smaller supply shortfall. China's rising crude imports offer a glimmer of hope, but global demand remains fragile amid trade war threats.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.