The selloff in markets now looked to be capped by Washington and Beijing's willingness to negotiate
Brent and U.S. crude futures fell more than $2 a barrel
Crude futures are in a corrective phase
Oil prices are stabilizing at $60.00 a barrel after falling over 7.5% this week
OPEC+ has been pumping almost 500,000 bpd less than its targets
Brent crude oil futures dipped 25 cents, or 0.4%, to $66.43 a barrel
Brent crude futures rose $1.01, or 1.52%, to $67.38 a barrel
. U.S. crude inventories rose 2.4 million barrels
Traders seem more focused on the tariffs (related to Russia)
U.S. West Texas Intermediate crude rose 31 cents, or 0.5%, to $65.76
An increase of 411,000 barrels per day for July is among the options under discussion
The official Chinese data on Monday showed growth in industrial output slowed in April
OPEC+ agreed on Saturday to further speed up oil production hikes
Oil prices fell earlier this month to four-year lows
Markets also have lower liquidity
U.S. West Texas Intermediate crude was at $64.46 a barrel,
The Israeli military resumed ground operations
Brent futures fell $1.42, or 1.9%, to $75.06 a barrel