Brent crude futures gained 9 cents, or 0.14%, to $65.05 a barrel, US West Texas Intermediate crude was up 11 cents, or about 0.2%, at $62.06. 

The two benchmarks rose by about 4% or more in the previous session after the US and China agreed on sharp reductions to tariffs for at least 90 days, which also boosted Wall Street stocks and the Dollar. 

The market is now evaluating the impact of the trade truce, said analyst, Tamas Varga. 

"Coupled with the scheduled steep increase in Organisation of the Petroleum Exporting Countries (OPEC) supply in May and June, the upside might prove limited."  

The OPEC has raised oil output by more than previously expected since April, with May output likely to increase by 411 000 barrels per day.  

There are signs, however, that demand for refined fuel remains strong. 

--Reuters--