Oil Bounces Back: Trade War Truce?

Oil prices rebound after a Friday plunge as hopes rise for a US-China trade truce at the APEC summit. Brent crude jumps 1.64% and WTI climbs 1.73%, fueled by speculation of eased tensions and bargain buying after prices hit multi-month lows. Despite Goldman Sachs' optimistic outlook, uncertainty remains about global oil demand and supply, with analysts predicting continued market volatility. Hosted on Acast. See acast.com/privacy for more information.