1020 ET - Oil futures press higher amid optimism about a U.S. trade deal with the U.K. and planned talks with China. Prices are back above last week's closing levels before the OPEC+ decision to add another 411,000 barrels to output in June. "It's still very headline-driven," says Neil Crosby of Sparta Commodities. "There's certainly a bit of market hope that the tariff tension is going to lift," while in the oil space it remains to be seen if the OPEC+ agreement means another 400,000 barrels hitting the market from June onward, he says. "There are chronic overproducers anyway, so to a certain extent it's targets versus reality narrowing." WTI is up 2.7% at $59.61 a barrel and Brent is gaining 2.3% to $62.51 a barrel. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 10:20 ET (14:20 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。