Oil prices rose after President Donald Trump extended the tariff deadline for the European Union, bringing optimism for easing trade tensions.
Brent crude traded near $65 a barrel and West Texas Intermediate was below $62 following the tariff deadline extension.
The discussions between the US and Iran over limiting Iran's nuclear programs have been positive, potentially leading to an agreement in future meetings.
OPEC+ plans to boost idled production, which combined with trade tensions and tariff uncertainties, have been impacting oil prices in recent months.