Oil poised near 3-month highs on US-China trade hopes, supply cuts

Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged US-China trade deal is in the pipeline, set to stoke oil demand in the world’s biggest economies.

Brent crude oil futures had slipped by two cents to $65.32 a barrel by 0422 GMT, while West Texas Intermediate crude was down four cents to $60.17 a barrel.