Oil prices rose on Monday after hitting five-month lows in the previous session, as investors hoped potential talks between the presidents of the US and China could ease trade tensions between the world's two largest economies and oil consumers. I do not expect oil or any other risk assets to reverse the losses so soon," she added. However, there is still the risk of trade tensions escalating that may lead to higher tariffs or more serious export restrictions, at least temporarily, they added. Oil prices tumbled in March and April during the height of trade tensions between the two countries. China dramatically expanded its rare earths export controls on Thursday ahead of talks between Presidents Donald Trump and Xi Jinping.

Source: bd News24 October 13, 2025 05:09 UTC