Oil gains amid U.S.-China trade deal hopes, ECB talk of easing policy - Reuters

Oil gains amid U.S.-China trade deal hopes, ECB talk of easing policy - Reuters:

Oil prices extended gains into a second session on Wednesday, buoyed by rekindled hopes for a U.S.-China trade deal and potential economic stimulus from the European Central Bank (ECB).

Tensions in the Middle East after tanker attacks there last week also supported oil markets.

Brent crude futures were up 20 cents, or 0.3%, at $62.34 a barrel by 0644 GMT. They rose 2% on Tuesday.

U.S. West Texas Intermediate crude gained 20 cents, or 0.4%, to $54.10 a barrel. The U.S. benchmark surged 3.8% in the last session.