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Oil prices rise as Trump says China agreed to buy U.S. crude, but China hasn't confirmed yet

Market News
14 May 2026
CNBC
View Source
Bullish
pluang ai news

Oil prices increased after U.S. President Donald Trump announced that China agreed to purchase oil from the U.S. following talks with Chinese leader Xi Jinping. Brent crude rose 1.49% to $107.30 a barrel, and U.S. West Texas Intermediate gained 1.55% to $102.74 per barrel. However, China has not confirmed these purchases, and there was no official response from Chinese authorities. The price gains were also supported by agreements between the two leaders to keep the Strait of Hormuz open, a vital oil shipping route, with China opposing militarization or toll charges for its use. U.S. Treasury Secretary also noted China's interest in reopening the strait, which is crucial for global oil supply.

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Nvidia signs major Japanese firms into AI coalition, securing $1 trillion demand through 2027.

Nvidia signs major Japanese firms into AI coalition, securing $1 trillion demand through 2027.

Nvidia has successfully signed Toyota, Fanuc, Kioxia, and five other leading Japanese industrial companies into its physical AI coalition this week. This move highlights Nvidia's expanding influence in the AI sector and its strong partnerships with k...

Market News
Bullish
2 hours ago
Isabella Bank's Q2 earnings miss by 25%, Hold rating amid profit and asset quality concerns.

Isabella Bank's Q2 earnings miss by 25%, Hold rating amid profit and asset quality concerns.

Isabella Bank Corporation reported a 25% earnings per share miss in Q2 2026, marking its third consecutive earnings disappointment and signaling ongoing challenges in profit growth. The bank's valuation has normalized following a sharp price decline,...

Company Fundamentals
Bearish
4 hours ago
Nvidia secures $1 trillion demand, onboarding 8 major Japanese industrial firms into its AI coalition.

Nvidia secures $1 trillion demand, onboarding 8 major Japanese industrial firms into its AI coalition.

Nvidia has signed agreements with eight leading Japanese industrial companies, including Toyota, Fanuc, and Kioxia, to join its Physical AI Coalition. This move strengthens Nvidia's position in the industrial AI market and confirms $1 trillion in dem...

Market News
Bullish
4 hours ago
Citi Diamond Preferred offers lower balance transfer fees; Wells Fargo Reflect has longer 0% APR on purchases.

Citi Diamond Preferred offers lower balance transfer fees; Wells Fargo Reflect has longer 0% APR on purchases.

The Citi® Diamond Preferred® Card and Wells Fargo Reflect® Card both offer long 0% introductory APR periods, ideal for saving on interest. Citi's card has a 21-month 0% APR on balance transfers with a lower 3% intro transfer fee for the first 4 month...

Others
Neutral
4 hours ago
Top 3 high-yield savings accounts with no monthly fees offer 3%-4% APY in 2026

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In 2026, three standout high-yield savings accounts provide competitive interest rates without monthly fees. Happen Bank LevelUp Savings offers 4.00% APY with a $250 monthly deposit requirement and reimburses ATM fees. American Express High Yield Sav...

Others
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4 hours ago
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