Brent held near $61 a barrel and West Texas Intermediate was above $57. The next round of US-China trade talks is set for this week, with President Donald Trump expressing optimism that discussions could yield a deal after saying threatened higher tariffs on the Asian nation were not viable. Oil futures are on track for a third monthly loss and face further pressure from an expected surplus into 2026, which the International Energy Agency projected last week would be even bigger than initially forecast.
Source: express.co.uk