Oil Prices Rebound Amid Optimism Over U.S.-China Trade Talks

Oil prices rose on Thursday, recovering from a drop of over $1 in the previous session. The rebound was driven by renewed hopes of a breakthrough in upcoming trade negotiations between the United States and China, the world’s largest oil consumers. Market sentiment improved as investors speculated that easing trade tensions could bolster global economic activity and energy demand. Analysts noted that any positive development in the talks could have a significant impact on oil markets, which remain sensitive to geopolitical and economic signals.