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Oil near two-week highs on trade truce, soft dollar
short by / on Wednesday, 14 May, 2025
Oil prices held near two-week highs in early trading on Wednesday, supported by an agreement between the US and China to temporarily lower their reciprocal tariffs and a falling US dollar. Brent eased 10 cents to $66.53, WTI slipped 7 cents to $63.60 after 2.5%+ gains in the prior session.