Riyadh: Global oil prices rose on Monday after the United States and China announced they had reached a framework for a major trade agreement, easing months of tension between the world’s two largest economies. The development sparked optimism in energy markets, with traders expecting the deal to boost global demand for crude oil.

Brent crude futures increased by 47 cents, or 0.71%, to settle at $66.41 per barrel, while U.S. West Texas Intermediate (WTI) crude climbed 44 cents, or 0.72%, to $61.94 per barrel. The gains marked a rebound for oil markets that had been struggling in recent weeks amid fears of a global economic slowdown and oversupply concerns.

The announcement of the trade deal framework, described by officials as “substantial,” helped lift investor confidence. Analysts no

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