Energy stocks climbed 2.2% at midday Friday, following a rebound in oil prices, which settled nearly 2% higher on Thursday. All sectors of the Australian Securities Exchange were trading in the green.

China's commerce ministry said it was evaluating a request from the US for trade talks on Friday, signalling a potential de-escalation in trade tensions between the two countries.

Greenvale Energy (ASX:GRV) completed the acquisition of the Oasis uranium project in Queensland. It paid AU$200,000 in cash to Maverick Exploration, Remlain, and Mineral Intelligence, and issued 20 million Greenvale shares. A drill rig is expected on site at the project by mid-May, with drilling set to commence soon, subject to weather conditions and ground access conditions.

The healthcare sector rose 1.6%, and consumer staples stocks were up 1.3%.