Moscow had handed over Russia's proposals on collective security guarantees to Washington
Prices had marginally pared losses earlier
Oil and gas demand could continue to grow until 2050
U.S. West Texas Intermediate crude was up 46 cents, or 0.77%, at $59.89
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