Oil futures end the week on a positive note, lifted mostly by easing trade tensions after the U.S. and China agreed to cut tariffs on each other’s goods for 90 days to allow for talks. Keeping a lid on prices despite stronger summer demand approaching are OPEC+ production plans and U.

Oil prices remained comfortably above $60 a barrel, boosted by easing tensions between the U.S. and China. Expectations of increasing oil supplies from Iran and OPEC+ moderated gains, however. West Texas Intermediate rose three of five trading days on the New York Mercantile Exchange,