Crude oil prices registered on a higher note early Tuesday after the phase-one trade deal between the U.S. and China offered markets a positive outlook.
International benchmark Brent crude was trading at $65.36 per barrel at 0620 GMT for a 0.11% increase after it closed Monday at $65.29 a barrel with a 0.62% daily gain.
American benchmark West Texas Intermediate was at $60.12 a barrel at the same time for a 0.12% gain after it ended the previous session at $60.05 per barrel with a 0.6% daily increase.
Both benchmarks gained 1.5% on Friday to see their highest level in three years after Washington and Beijing agreed the phase-one trade deal.
While the world's two largest economies agreed to break key points of trade discussions into phases, some significant issues still remain unclear, including technology transfer and intellectual property rights.
If phase-two of the trade agreement prolongs, global oil demand could weaken again inciting a downward price trajectory.
By Ovunc Kutlu