Oil Prices Climb as U.S.-China Trade Progress Boosts Market Optimism

Oil prices rose on Monday following positive developments in U.S.-China trade negotiations over the weekend. Both countries reported progress in their talks, fueling hopes of a potential resolution to the prolonged trade dispute. The upbeat sentiment supported oil markets, as investors anticipated a rebound in demand from the world’s two largest crude consumers. The news lifted confidence across global markets, signaling a possible easing of trade-related tensions that have weighed heavily on energy demand forecasts.