International oil prices saw a recovery on Thursday.
Despite conflicting statements from the United States and China regarding progress in trade negotiations, creating a partial setback in optimism regarding a resolution, oil prices managed to climb.
Brent crude, the global oil benchmark, settled at 66.55 USD per barrel, gaining 0.43 USD (0.65%) from the previous session.
Similarly, West Texas Intermediate (WTI), the U.S. oil benchmark, saw its June futures rise by 0.52 USD (0.84%) to close at 62.79 USD per barrel.
This rebound comes after a decline of approximately 2% on the previous day.
The earlier price drop was attributed to reports of internal disputes within the Organization of the Petroleum Exporting Countries and its allies (OPEC +) over production quotas among member countries, leading to a decision to increase output in June.
