US-China trade negotiations: Oil prices steady as investors eyes trade talks in London; Brent holds above $66
Monday, 9 June 2025 () Oil prices held steady, buoyed by hopes from renewed US-China trade talks in London, following a 4% gain last week. Negotiators are meeting to ease tensions, especially after China's rare earth export curbs. Market sentiment hinges on the meeting's outcome, balancing trade optimism with concerns over OPEC+ production and geopolitical risks.
US and China strike a deal on trade framework after talks in London
The London talks are the latest in the two countries’ joint efforts to find a middle ground to resolve a trade dispute which threatens to plunge the world into recession and economic instability.
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President Trump has announced the finalization of a major trade agreement with China, declaring "It's done." The deal includes upfront rare earth mineral supplies from China, a long-standing sticking..
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China says its exports to the US have plummeted ahead of trade talks
China's total exports rose less-than-expected year-on-year, while exports to the US dropped sharply.
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Credit: euronews (in English) Duration: 01:00Published
Even before Israel attacked Iran, oil prices had been advancing this week, lifted by renewed optimism surrounding U.S.-China trade negotiations. Markets welcomed... OilPrice.com
Monday, 9 June 2025 ()
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