{"id":5933,"date":"2025-05-03T00:06:02","date_gmt":"2025-05-03T00:06:02","guid":{"rendered":"https:\/\/ipp-news.com\/?p=5933"},"modified":"2025-05-03T00:06:02","modified_gmt":"2025-05-03T00:06:02","slug":"oil-stable-on-us-china-de-escalation-hope","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=5933","title":{"rendered":"Oil stable on US-China de-escalation hope"},"content":{"rendered":"<div>Oil prices were stable on Friday and heading for a weekly loss, as traders squared positions ahead of an OPEC+ meeting, and showed caution over the possibility of a de-escalation of the trade dispute between China and the United States.<\/p>\n<p>Brent crude futures were down 14 cents, or 0.23%, to $61.99 a barrel at 1312 GMT, while US West Texas Intermediate (WTI) crude futures fell 15 cents, or 0.25%, to $59.09 a barrel.<\/p>\n<p>For the week, Brent was on track to fall 7.3% and WTI 6.2%.<\/p>\n<p>China&#8217;s Commerce Ministry said on Friday Beijing was evaluating a proposal from Washington to hold talks aimed at addressing US President Donald Trump&#8217;s tariffs, signalling a possible easing of the trade tensions that have rattled global markets.<\/p>\n<p>&#8220;There is some optimism when it comes to US-China relations but the signs are only very tentative,&#8221; Harry Tchilinguirian, Group Head of Research at Onyx Capital Group, said. A threat from Trump to impose secondary sanctions on buyers of Iranian oil complicates any talks as China is the world&#8217;s largest importer of Iran&#8217;s crude.<\/p>\n<p>US talks with Iran over its nuclear programme have been postponed after Trump reimposed a &#8220;maximum pressure&#8221; campaign against Iran that included efforts to drive the country&#8217;s oil exports to zero.<\/p>\n<p>Investor remained concerned that the broader trade war could push the global economy into a recession and curb oil demand.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were stable on Friday and heading for a weekly loss, as traders squared positions ahead of an OPEC+ meeting, and showed caution over the possibility of a de-escalation of the trade dispute between China and the United States. Brent crude futures were down 14 cents, or 0.23%, to $61.99 a barrel at 1312 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-5933","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/5933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5933"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/5933\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}