Petrol prices displayed in Los Angeles. The energy market is awaiting clues from the US Federal Reserve on potential interest rate cuts, which are expected to boost energy demand. AFP
Petrol prices displayed in Los Angeles. The energy market is awaiting clues from the US Federal Reserve on potential interest rate cuts, which are expected to boost energy demand. AFP

Business

Energy

Oil posts second weekly gain as US-China trade tension thaws

Market still being weighed down by potential Iran nuclear deal

Alvin R Cabral
Alvin R Cabral

May 16, 2025