Oil Steady After Weekly Gain With US-China Trade Talks in Focus

Bloomberg · last updated June 8, 2025 – 8:30 PM

Oil steadied after a weekly surge as a renewed round of US-China trade talks offered the potential for reduced global tensions.

Brent traded above $66 a barrel after jumping 4% last week, while West Texas Intermediate was near $65. Negotiators from the US and China are set to hold talks in London on Monday, raising the possibility the two largest economies can make progress on disputes that have rattled markets this year.

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