Crude oil prices look set to record their first weekly gain since mid-April as sentiment about future demand improves amid signs there may be progress on the debt ceiling negotiations in Congress. On Thursday, President Biden and House Speaker Kevin McCarthy said they would negotiate directly on lifting the debt ceiling, sparking hopes that a default would be avoided. "We're going to come together because there's no alternative," President Biden said, as quoted by Reuters. "To be clear, this negotiation is about the outlines of the budget, not…
