Crude oil futures pulled back below the $68-a-barrel mark after jumping about 5% in the New York session on Wednesday amid escalating geopolitical tensions between the U.S. and Iran.
After announcing sizable tariff rates for trading partners in early April, the Trump administration put on hold the implementation of much of the levies, except for a baseline 10% rate.
As part of the London deal, China will supply the U.S. with rare earth resources and magnets, while Chinese students will be allowed to access colleges and universities in the United States.
U.S. stocks ticked higher at midday Wednesday, buoyed by signs of progress in U.S.-China trade negotiations and cooler-than-expected inflation data, both of which supported risk appetite.
The U.S. President also stated that he will work closely with Chinese President Xi Jinping to revamp the U.S.-China trade, which he believes will be great for both nations.
Apple Inc. (NASDAQ:AAPL) is under scrutiny as CNBC's “Mad Money” host Jim Cramer declared that the tech giant's stock buyback program "is not working right now."
