International benchmark Brent crude rose 0.2% to $66.53 per barrel at 10.30 a.m. local time (0730 GMT), up from $66.38 at Monday’s close.
US benchmark West Texas Intermediate (WTI) increased 0.1% to $63.38 per barrel, compared to $63.28 in the previous session.
On Monday, Trump announced he had signed an order extending the suspension of higher tariffs on Chinese imports until Nov. 10.
"All other elements of the Agreement will remain the same. Thank you for your attention to this matter!" Trump said on Truth Social. The order maintains a 10% reciprocal tariff during the suspension period.
Analysts say the move could bolster energy demand by supporting economic activity, lending upward momentum to oil prices.
Meanwhile, uncertainty surrounding an upcoming meeting between Trump and Russian President Vladimir Putin continued to weigh on sentiment.
Trump said he plans to review Putin's proposal to end Kremlin's war in Ukraine during a summit in Alaska and hopes to secure a sit-down between the two leaders.
"I like to see a ceasefire very, very quickly, very quick. I'd like to see it immediately, but I'd like to see it very quickly," Trump said.
Analysts say that progress toward a ceasefire could ease supply concerns and lower prices, but the risk of no agreement keeps prices supported.
AzVision.az
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