Oil Prices Rise on U.S.-China Trade Hopes, But Weekly Decline Looms

Oil prices saw a second consecutive rise on Friday, driven by optimism over the potential de-escalation of the U.S.-China trade war. However, the market was still set for a weekly decline due to ongoing concerns about oversupply, which continues to weigh on investor sentiment. Despite the short-term gains, traders remain cautious about long-term price stability.