Oil futures climbed to their strongest levels in roughly six weeks on 9 June as traders bet that U.S.–China trade negotiations could ease tariff tensions and revive fuel demand. West Texas Intermediate for July delivery settled at $65.29 a barrel, up 71 cents, or 1.10%, while Brent for August delivery ended at $67.04, a gain of 57 cents, or 0.86%. Brent’s close was its highest since late April. The advance cooled a day later. On 10 June WTI slipped 31 cents to $64.98, and Brent eased 17 cents to $66.87. Market participants cited profit-taking and a wait-and-see stance ahead of any announcement from the London talks between Washington and Beijing. Expectations that higher OPEC+ output and soft Chinese demand could cap prices also weighed on sentiment. Beyond crude, the dollar held broadly steady and major equity benchmarks hovered just below record highs, underscoring investor caution until clearer signals emerge from the trade negotiations. Gold traded in a narrow range as competing influences from a firm dollar and safe-haven demand balanced out.
Dólar cai com inflação dos EUA e pauta fiscal no radar; Ibovespa sobe https://t.co/D2ZJV53wRm
WTI crude inching back closer to $67/bbl, the highest level since early April on optimism over a trade deal with China
Stocks higher on the positive US-China trade deal talks https://t.co/eQLt7pf4ud