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Oil Prices Headed for Rebound This Week as US-China Trade Talks Resume

Oil prices steadied on Friday and were on track for their first weekly gain in three weeks after U.S. President Donald Trump and Chinese leader Xi Jinping resumed trade talks, raising hopes for growth and stronger demand in the world’s two largest economies.

Brent crude futures fell 9 cents, or 0.1%, to $65.25 a barrel by 1210 GMT. U.S. West Texas Intermediate crude lost 12 cents, or 0.2%, to $63.25.

On a weekly basis, both benchmarks were on track…

Oil Prices Headed for Rebound This Week as US-China Trade Talks Resume