Oil prices experienced a modest decline on Friday but were poised for their first weekly gain in three weeks following the resumption of trade negotiations between U.S. President Donald Trump and Chinese President Xi Jinping. This development rekindled hopes for increased demand growth from the world’s two largest economies, underpinning positive sentiment in global energy markets.

Delta Air Lines $DAL has issued a warning about aircraft import tariffs potentially imposed by the U.S. government, raising concerns over their impact on aircraft deliveries and broader airline operations. These proposed tariffs target imported planes and components, including models manufactured by Airbus in Canada, Germany, and France.

The U.S. dollar (USD) is heading for its first weekly loss in nearly a month, pressured by a combination of underwhelming domestic economic data and a lack of progress in critical trade negotiations. Investor focus has turned sharply toward the upcoming U.S. nonfarm payrolls (NFP) report, expected later Friday, which could significantly influence expectations for Federal Reserve policy. Market sentiment remains fragile as concerns mount over the broader implications of the Trump administration’s tariff strategy and its effects on growth.