Oil prices climbed on Monday following news of a preliminary trade framework between the United States and China, which eased concerns over global demand and boosted risk appetite in energy markets. Brent crude rose above $90 per barrel, while WTI futures also extended gains, reflecting renewed optimism about trade stability and industrial activity.
Analysts said the agreement between the world’s two largest economies could help stabilize energy demand expectations, particularly as manufacturing and logistics sectors stand to benefit from reduced trade tensions. The move also contributed to a broader shift in market sentiment, with investors reassessing geopolitical and supply-side risks that have dominated the oil market in recent months.
Energy strategists noted that the rise in oil prices underscores a “transition in market psychology” — from recession fears toward cautious optimism about a coordinated global recovery. However, they also warned that volatility could persist due to uncertainty over future OPEC+ output decisions and ongoing geopolitical tensions in the Middle East.
