Oil prices rose by more than 1 percent on Monday, lifted by optimism that talks could soon resolve the trade war between the United States and China, while supply cuts by major producers also supported the market.
Brent crude futures LCOc1 were at $57.75 per barrel at 0404 GMT, up 69 cents, or 1.2 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $48.67 per barrel, up 71 cents, or 1.5 percent.
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