Stephanie Kelly

1 week ago | businesslive.co.za | Stephanie Kelly |Seher Dareen

New York — Oil prices rose about 3% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the US and China, the world’s two largest oil consumers. Brent crude futures settled up $1.72, or 2.8%, at $62.84 a barrel. US West Texas Intermediate crude rose $1.84, or 3.2%, to $59.91. US treasury Secretary Scott Bessent will meet China’s top economic official on May 10 in Switzerland for negotiations on a trade war that is disrupting the global economy.

2 months ago | bizcommunity.com | Stephanie Kelly |Lindsey Schutters |Mrinmay Dey |Bruce Campbell

Advertise your job vacancies 2 days7 days30 daysBy Industry Show more Oil prices rose more than 2% on Thursday as supply concerns resurfaced after U.S. President Donald Trump revoked a licence granted to US oil major Chevron to operate in Venezuela. Investors were still keeping an eye on signs of a potential peace deal in Ukraine, which could result in higher Russian oil flows. Brent crude oil futures settled up $1.51, or 2.1%, at $74.04 a barrel.