Oil Rebounds On U.S.-China Call ...Middle East

Oil prices rose early on Friday, supported by an overall bullish market sentiment after the U.S. and Chinese presidents held a phone call to discuss various issues of strategic interest. As of 9:32 a.m. EDT on Friday, WTI Crude was up 2.48% at $69.80. Brent Crude had risen by 2.25% to trade at above $73 a barrel, at $73.02. Oil and equity markets jumped today after U.S. President Joe Biden and Chinese President Xi Jinping spoke on Thursday and “had a broad, strategic discussion in which they discussed areas where our interests converge, and…

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