London — Oil prices rose on Monday after the US and China both suggested they could ease up in a trade war that has undermined the outlook for the global economy and for crude demand.

Brent was up 33 US cents, or 0.6%, at $59.67 a barrel by 8.50am GMT, while US oil was also up 33c, or 0.6%, at $54.50 a barrel...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now