India, June 11 -- Oil prices held near a seven-week high on Wednesday as markets assess the outcome of U.S.-China trade talks.

Benchmark Brent crude futures roe 0.3 percent to $66.66 a barrel in European trade while WTI crude futures were up 0.3 percent at $65.14.

After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.

If approved, the deal will remove some restrictions on China's rare earth exports and unwind a few recent U.S. export bans.

Later in the day, markets will react to the weekly U.S. oil inventories report from the Energy Information Administration.

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