Brent Crude Rises to Two-Week High on Trade-Deal Hopes
Key Drivers:
U.S. and China reached a preliminary framework agreement in Kuala Lumpur, signalling an easing of trade tensions that had weighed on oil-demand sentiment.
The deal raised hopes for stronger global growth, which could translate into higher oil consumption by major economies.
Meanwhile, sanctions on Russia relaxed concerns about oversupply, supporting upward price momentum.
Outlook:
While the rally reflects improved market sentiment, analysts caution that supply risks—such as Russian oil flows and U.S. inventory levels—remain and may limit further gains.
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