After reaching their lowest level in five During the previous trading month, oil prices rose on Monday. Les Investors hope that possible discussions between presidents American and Chinese could ease trade tensions between two largest economies in the world and oil consumers.

Brent crude futures climbed by 92 cents, or 1.47%, to $63.65 per barrel at 06:22 GMT after falling by 3.82% on Friday, the lowest since May 7.

American Crude Oil West Texas Intermediate was at $59.79 per barrel, up 89 cents, or 1.51%, after a loss of 4.24% on Friday, the lowest level since May 7.

The WTI awards are will stabilize on Tuesday, as Monday is a holiday in some regions of United States. “The collapse in prices last week was huge partly due to the ceasefire in Gaza and the return of trade volatility trade between the United States and China before the truce deadline commercial of November 10,” said Suvro Sarkar, energy analyst at DBS