🛢️ Oil Edges Up from 5-Month Low — But Headwinds Remain
After weeks of pressure, WTI crude bounced back to $59.5/barrel on hopes of improved US-China relations.
President Trump’s softer comments toward Beijing boosted sentiment, but traders remain cautious. Rising OPEC output (+630,000 bpd) and reduced geopolitical risk after the Israel–Hamas ceasefire could weigh on prices.
The question now: Can oil sustain this rebound, or will oversupply pull it back down again?
Stay tuned - volatility is far from over.
#Fed# #OPINIONLEADER# #COPYTRADE# #Signal# #WTICrudeOil# #US-ChinaTariffs# #ChinaEconomy# #CrudeOil#
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