WTI Crude Oil Steady Near $64.50 as Hopes Rise for US-China Trade Breakthrough

WTI Oil Price Steady at $64.50 on Trade Deal Optimism and Demand Recovery

Energy Markets Stabilize as Tariff Tensions Ease

West Texas Intermediate (WTI) crude oil remains stable near $64.50 per barrel during early European trading on Tuesday. The commodity is positioned to potentially extend its four-day winning streak, supported by growing optimism that the United States and China will reach a favorable trade agreement, improving the global energy demand outlook.

Trade tensions between the world's two largest economies have long pressured oil prices, but the latest round of discussions in London shows signs of easing. The second day of negotiations between US and Chinese officials is scheduled for 10:00 a.m. local time, with the focus shifting from tariffs to broader global supply chain issues and rare earth exports.

US Officials Signal Constructive Progress

US Treasury Secretary Scott Bessent called Monday’s talks a "good meeting", while Commerce Secretary Howard Lutnick described the discussions as "fruitful". These remarks have helped build positive sentiment in oil markets, anticipating a possible trade breakthrough.

📈 Also Read: How Trade Deals Impact Oil Prices
🛢️ See More: Live WTI Oil Chart and Technical Analysis

Geopolitical Developments Add to Market Focus

Beyond the US-China narrative, geopolitical attention also turns to Iran, which is reportedly preparing a counter-proposal for a renewed nuclear agreement with the US. A breakthrough here could also have long-term implications for global oil supply dynamics.

Outlook: Bullish Momentum May Continue

With global economic cooperation improving and energy demand stabilizing, WTI prices may stay supported in the short term, especially if trade talks deliver tangible outcomes. However, any setback in negotiations or geopolitical flare-ups could reverse gains swiftly.