Oil steadies after trade-deal gain as focus turns to Middle East

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Oil steadied after three days of advances, as attention moved away from the deescalation of the US-China trade war and to the Middle East.

Brent traded above $64 a barrel, after advancing 1.6% in the previous session, while West Texas Intermediate was near $62. Futures eased off intraday highs on Monday after President Donald Trump signaled progress in nuclear talks over the weekend between the US and Iran, boosting expectations of relaxed restrictions on Tehran’s crude in the near future.