27 Oct 2025 | 5 Mins Read
Oil prices increase with US-China trade deal breakthrough.
Flipitmoney
Oil prices rose 0.7% and 0.75% to $66.40 and $61.96 as U.S. and China economic officials sketched a trade-deal framework. U.S. Treasury Secretary Scott Bessent said a "very substantial framework" was hashed out in Kuala Lumpur, avoiding 100% US tariffs on Chinese goods. Market expectations improved with the easing of US-China tensions and new sanctions on Russia.