Oil drilling rigs
Oil prices rose on Friday amid optimism about US-China trade talks, and driven by strong flows from Iran and Russia.
Brent July futures rose 0.65%, or $0.40, to $63.24 per barrel, while WTI June futures gained 0.65%, or $0.40, to $60.31 per barrel at 8:10 a.m. Makkah time.
Customs data showed China’s crude imports rose 7.5% YoY in April to 11.69 million barrels per day.
US Treasury Secretary Scott Besant is set to meet China’s Vice Premier in Switzerland on May 10 to resolve trade disputes affecting oil demand.
https://www.argaam.com/en/article/articledetail/id/1811859
