Oil Steadies as Traders Parse US-China

By Bloomberg News

June 11, 2025 at 7:33 AM GMT+8

Oil was little changed, as traders digested an initial agreement between the US and China to improve trade relations following talks in London.

在交易员消化了中美两国在伦敦会谈后达成的改善贸易关系的初步协议之际,油价几无变化。

West Texas Intermediate held near $65 a barrel, after losing 0.5% on Tuesday, while Brent settled above $66. Washington and Beijing reached a framework deal, according to Commerce Secretary Howard Lutnick, with implementation subject to presidential approvals. The sides agreed to implement a consensus reached in Geneva in earlier talks, a Chinese official said.

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