Ammon News - Oil prices climbed on Tuesday as investors awaited the outcome of U.S.-China talks that could pave the way for easing trade tensions and improve fuel demand.

Brent crude futures rose 28 cents, or 0.4%, to $67.32 a barrel by 0330 GMT. U.S. West Texas Intermediate crude was up 23 cents, or 0.4%, at $65.52.

On Monday, Brent had risen to $67.19, the highest since April 28, buoyed by the prospect of a U.S.-China trade deal.

U.S.-China trade talks were set to continue for a second day in London as top officials aimed to ease tensions that have expanded from tariffs to rare earth curbs, risking global supply chain disruptions and slower growth.

U.S. President Donald Trump said on Monday that the talks with China were going well and he was "only getting good reports" from his team in London.

A trade deal between the U.S. and China could support the global economic outlook and boost demand for commodities including oil.

OPEC+, which pumps about half of the world's oil and includes OPEC members and allies such as Russia, is accelerating its plan to unwind its most recent layer of output cuts. Reuters