A phone call between US President Donald Trump and Chinese leader Xi Jinping eased trade tensions between the two countries, boosting optimism in energy markets and pushing oil prices above 66 dollars per barrel. Analysts expect oil demand to peak during the summer season, while OPEC and other producing countries plan to increase supply. Goldman Sachs advises investing in gold and oil as a hedge against risks. This development is seen as a positive signal for the global economy and energy markets.
Political Perspectives:
Left: Left-leaning outlets emphasize the importance of diplomatic engagement in reducing trade tensions and its positive impact on global markets. They highlight the need for cooperation between major powers to stabilize energy prices and support economic growth, while also pointing out the risks of over-reliance on fossil fuels.
Center: Center-leaning sources focus on the factual reporting of the phone call between Trump and Xi Jinping and its immediate effect on calming markets and raising oil prices. They provide balanced analysis on supply and demand dynamics, OPEC’s role, and expert recommendations like those from Goldman Sachs.
Right: Right-leaning media stress the positive outcomes of strong leadership and negotiation by Trump in easing trade tensions with China, which helped boost oil prices and market confidence. They often frame this as a success of US foreign policy and economic strategy, emphasizing market optimism and energy sector benefits.
