Trump-Xi Meeting Sparks Global Market Rally, Oil Prices Edge Lower

Brent crude falls to $105.21, WTI settles at $100.95 per barrel amid trade optimism
New York / Beijing — Global stock markets surged and oil prices dipped modestly following news of a high-stakes meeting between US President Donald Trump and Chinese President Xi Jinping, as investors responded positively to hopes of easing trade tensions between the world’s two largest economies.
Brent crude, the international benchmark for oil, slipped 0.40 percent to settle at $105.21 per barrel, while US West Texas Intermediate (WTI) crude edged down 0.07 percent to close at $100.95 per barrel.
Market traders attributed the slight decline in oil prices to growing optimism that the Trump-Xi talks could help stabilize global trade flows and ease the immediate economic strain that has been weighing on international markets in recent weeks.
Analysts noted that while the price movements remain modest, the direction signals a broader shift in market sentiment. A successful outcome from the bilateral talks could further ease commodity market volatility and provide relief to economies grappling with elevated energy costs.
Investors worldwide are now closely watching the outcome of the discussions, with any concrete trade agreements expected to have a significant positive ripple effect across global financial markets.