Oil prices were surging on Monday after the U.S. and China brokered a deal to pause most tariffs on each other's goods for the next 90 days. The Brent international benchmark gained 3.1% to trade at just under $66 a barrel,

Oil prices soared following an agreement between the United States and China to slash tariffs, leading to increased optimism in global trade and the economy.

Oil prices rose over 3% after the U.S. and China agreed to ease tariffs following talks in Geneva, sparking optimism in global markets. The move signals a potential rebound in crude demand amid easing trade tensions and ongoing U.