Trump Announces China's Interest in Buying More US Oil, Spurring 1% Price Rise

On May 15, 2026, oil prices rose more than 1% as Donald Trump highlighted China's interest in acquiring additional oil supplies from the United States. The announcement was made during a press briefing, where Trump stated that Chinese President Xi Jinping expressed a preference for purchasing more US oil. Reuters reported the price movement, citing the remarks as the catalyst. Bloomberg noted that Trump's comments were interpreted as a strategic move to bolster US energy exports. The two sources did not diverge in their reporting of the event, though they differed slightly in phrasing.