Thursday, May 14, 2026

Business News

Oil prices rise as markets await Trump–Xi meeting in Beijing

Oil prices edged higher on Thursday as investors awaited a meeting between US President Donald Trump and Chinese President Xi Jinping.

ONA

info@thearabianstories.com

Thursday, May 14, 2026

BEIJING – Brent crude futures rose 13 cents, or 0.12 percent, to $105.76 a barrel, while US West Texas Intermediate (WTI) crude futures gained 12 cents, or 0.12 percent, to $101.14.
Crude oil futures fell on Wednesday as investors worried about the prospect of a US interest rate hike. Brent crude futures dropped by more than $2 a barrel, while US crude futures fell by more than $1.
Meanwhile, Trump arrived in Beijing on Wednesday night and is expected to hold a series of meetings with Xi aimed at securing economic gains, maintaining a trade truce, and addressing sensitive issues including tensions involving Iran and arms sales to Taiwan.

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