Oil Steadies as Traders Await Key Talks Between US and China
Written by Black Hot Fire Network on May 7, 2025
(Bloomberg) -- Oil steadied as traders awaited US-China trade negotiations that may significantly impact the outlook for global growth and energy demand.
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West Texas Intermediate futures erased gains after briefly topping $60 a barrel earlier, following a 3.4% increase on Tuesday. US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet with Chinese officials in Switzerland later this week, the first confirmed discussions since President Donald Trump imposed sweeping tariffs.
Oil has trended lower . . .
