Oil recovers ~1% after deep sell-off, trade tensions linger

Oil prices rebounded roughly 1% early Monday after steep losses pushed benchmarks to five-month lows. Brent rose $0.87 to $63.60, WTI gained similarly to $59.77. The bounce reflects hopes for a Trump–Xi meeting to defuse U.S.–China trade tension after both sides escalated tariffs and export controls. Analysts caution that volatility may persist as markets digest policy signals and macro data. (Reuters)