Oil prices are rising amid positive signals from trade talks between the US and China, which ended on Sunday.
This is reported by Economic Pravda with reference to Reuters.
Both sides reported reaching an agreement to reduce the trade imbalance and "important consensus", which strengthened investors' expectations for the resumption of trade between the world's two largest oil consumers.
The report said that Brent crude futures rose by 43 cents, or 0.67%, to USD 64.34 per barrel. American WTI rose by 48 cents, or 0.79%, to USD 61.50 per barrel.
At the end of last week, both indices rose by more than USD 1 and ended the week with an increase of more than 4% - the first time since mid-April.
OPEC+ plans to increase oil production in May-June, but according to a Reuters survey, production in the cartel countries decreased in April.
Also on Sunday, talks between Iranian and American representatives on Tehran's nuclear program ended in Oman. Further negotiations are planned.
At the same time, Iran publicly insists on continuing uranium enrichment, which reduces the likelihood of a quick lifting of sanctions.
In addition, the number of active oil and gas rigs in the United States fell last week to the lowest level since January, Baker Hughes reported.
As the Ukrainian News agency earlier reported, oil prices rose amid signs of easing trade tensions between major oil consumers - the United States and China - and the announcement by the United Kingdom of a "breakthrough" trade agreement with the United States.
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