India, June 9 -- Oil rose on Monday due to hopes sparked by US-China trade talks at the senior official level and with the nearing travel season boosting energy demand.
WTI crude oil for July delivery settled at $65.29 per barrel, up 71 cents, the highest since April 3.Brent crude was last seen at $66.83, up 36 cents.
The much-awaited trade talks between US and China kicked off in London today to put an end to the tariff war which has already rattled the global economy.
This news aided in today's trading as oil traders are hopeful of a positive outcome. If their assumptions turn out to be true, it could spur global oil demand in a large scale.
Additionally, crude oil had carry-over support from last Friday when a Baker Hughes report sho...