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Oil Holds Below $60 as Trump Softens Tone on China Trade Deal
Yahoo Finance·2025-10-14 03:44

Oil stayed under 60aftertheWhiteHousesignaledopennesstoreachingadealwithChinatoquellfreshtradetensionsbetweenthetwolargestoilconsumers.WestTexasIntermediaterose160 after the White House signaled openness to reaching a deal with China to quell fresh trade tensions between the two largest oil consumers. West Texas Intermediate rose 1% to settle at 59.60 a barrel, rebounding from Friday’s 4.2% plunge — the steepest drop since May. The shift in tone toward Beijing followed a fresh round of US tariffs and export curbs announced on Friday. Equities also rebounded on the development, lending support to crude. Most Read from Bloomberg Tariff headlin ...