US-China trade negotiations: Oil prices steady as investors eyes trade talks in London; Brent holds above $66

Oil prices held steady, buoyed by hopes from renewed US-China trade talks in London, following a 4% gain last week. Negotiators are meeting to ease tensions, especially after China’s rare earth export curbs. Market sentiment hinges on the meeting’s outcome, balancing trade optimism with concerns over OPEC+ production and geopolitical risks.