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Oil edges up ahead of Trump-Xi meeting in Beijing

Energy Markets & PricesGeopolitics & WarCommodities & Raw Materials

Oil prices edged up as traders watched for a U.S.-China meeting later in the day and continued to focus on the Iran war. The move reflects geopolitics-driven risk premiums in crude rather than any new supply-demand data. Near-term price action may remain volatile as investors weigh diplomatic signals against escalation risks.

Analysis

Oil prices edged up as traders watched for a U.S.-China meeting later in the day and continued to focus on the Iran war. The move reflects geopolitics-driven risk premiums in crude rather than any new supply-demand data. Near-term price action may remain volatile as investors weigh diplomatic signals against escalation risks.

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