Nigerian Oil Prices Stabilize
Nigerian crude settled near $67 a barrel as oil buyers returned to the market.
Oil prices rallied after steep declines, with Nigerian Bonny Light holding firm at $67 and Brent crude also gaining.
U.S.-China Tensions Ease
Investors are cautiously optimistic about potential negotiations between Presidents Trump and Xi.
President Trump stated that the U.S. wants to "help China, not hurt it," and that the Chinese economy "will be fine."
However, Trump also threatened to impose 100% tariffs on Chinese imports, casting uncertainty over the upcoming summit in South Korea.
Author's summary: Nigerian oil prices stabilize at $67 a barrel.
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