Oil edges up as investors focus on Trump-Xi meeting in Beijing

Oil prices edged higher on Thursday as markets watched the Trump-Xi meeting for any signs of progress toward resolving the Iran war. The move appears driven by geopolitical uncertainty rather than a new supply or demand development, keeping the near-term impact limited. Any concrete outcome from the talks could affect crude sentiment, but the article provides no specific price move or policy change.

Analysis

Oil prices edged higher on Thursday as markets watched the Trump-Xi meeting for any signs of progress toward resolving the Iran war. The move appears driven by geopolitical uncertainty rather than a new supply or demand development, keeping the near-term impact limited. Any concrete outcome from the talks could affect crude sentiment, but the article provides no specific price move or policy change.