Oil Prices Rise Amid U.S.-China Trade Talks and Lower U.S. Production

Oil prices saw a slight increase on Wednesday, hovering just above recent four-year lows. Investors were focused on ongoing U.S.-China trade talks, hoping for progress that could boost global demand. Additionally, signs of reduced U.S. oil production contributed to the price rise, as a potential drop in output may help balance the market. However, uncertainty surrounding global economic conditions continues to weigh on the outlook for oil prices.