Source: Reuters
“Oil prices edged up towards a seven-week high on Wednesday as markets assessed the outcome of U.S.-China trade talks, yet to be reviewed by U.S. President Donald Trump. Brent crude futures were up 9 cents, or 0.1%, to $66.96 a barrel at 0802 GMT, while U.S. West Texas Intermediate crude was up 18 cents, or 0.3%, to $65.16. U.S. and Chinese officials agreed on a framework to put their trade truce back on track and resolve China’s export restrictions on rare earth minerals and magnets, U.S. Commerce Secretary Howard Lutnick said on Tuesday at the conclusion of two days of intense negotiations in London. The two countries are the world’s largest economies and oil consumers.” (06/11/25)