Menu

Post image 1
Post image 2
1 / 2
0

Oil prices jumps after Trump says China agreed to buy U.S. crude following Xi talks

CNBC·Justina Lee·18 days ago
#Efo9vclL
Reading 0:00
15s threshold

The Sea Voyager crude oil tanker anchored off the Port of Long Beach in Long Beach, California, US, on Thursday, May 7, 2026. Tim Rue | Bloomberg | Getty Images Oil prices rose Friday after U.S. President  Donald Trump said China has agreed to purchase oil from America, following talks with Chinese leader Xi Jinping . International benchmark  Brent crude  futures for July gained 1.49% at $107.30 a barrel. U.S.  West Texas Intermediate futures  for June advanced 1.55% at $102.74 per barrel. "They've agreed they want to buy oil from the United States, they're going to go to Texas, we're going to start sending Chinese ships to Texas and to Louisiana and to Alaska," Trump said in a pre-recorded interview with Fox News, after his meeting with Xi. China has not confirmed the energy purchases. CNBC reached out to Chinese authorities for comment but did not receive a response before publication.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More