Oil gains, bolstered again by U.S.-China trade talks - Reuters

Oil gains, bolstered again by U.S.-China trade talks - Reuters:

Oil prices rose on Tuesday after news that U.S. and Chinese officials discussed trade, while predictions for a weekly draw on U.S. crude stockpiles lent some support as well.

Brent crude futures LCOc1 gained 62 cents to settle at $64.27 a barrel, while West Texas Intermediate crude CLc1 rose 40 cents to settle at $58.41 a barrel.

The United States and China are close to agreement on the first phase of a trade deal, U.S. President Donald Trump said on Tuesday, after top negotiators from the two countries spoke by telephone and agreed to keep working on remaining issues.

In the last few months, markets have swung back and forth, rallying on headlines suggesting the barest progress, even as an agreement has yet to be nailed down.