LONDON: Oil prices rose more than 3% on Monday after the U.S. and China said they would ease some of their tariff measures, raising hopes of an end to the trade war between the world's two largest consumers of crude oil.
Brent crude futures climbed $2.03, or 3.18%, to $65.94 a barrel by 0942 GMT. U.S. West Texas Intermediate (WTI) crude futures were trading up $2.06, or 3.38%, at $63.08.
