Oil prices rise after U.S.-China trade-deal framework emerges

Global oil benchmarks rebounded on Monday after U.S. and Chinese officials outlined a trade-deal framework that could avert steep tariffs and export-curb risks, easing demand concerns. Brent futures rose to about US$66.41 a barrel and WTI near US$61.94, reversing earlier dips. Analysts flagged that while supply remains plentiful, the improved trade-outlook supports near-term pricing. However, concerns remain over a possible oversupply if production from major producers accelerates and demand softens amid macro uncertainty.