Oil Prices Rebound After a Sharp Selloff ...Middle East

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Oil Prices Rebound After a Sharp Selloff
source : OILPRICE ( Middle East ) () 36
Oil prices rebounded in early Asian trading on Monday, recovering from sharp losses in the previous session as investors grew cautiously optimistic that potential talks between President Trump and President Xi could ease tensions between the world’s two largest economies and oil consumers. At the time of writing, Brent was up 1.64% at $63.76, while WTI had risen 1.73% to $59.92. This rebound came after oil prices tumbled by more than 4% on Friday and hit their lowest level since early May. The rebound follows a week of heightened geopolitical…

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