05:09 AM EDT, 06/11/2025 (MT Newswires) -- Crude oil prices continued to nudge higher on Wednesday on developments in trade talks between the U.S. and China, two of the world's largest oil consumers.

Brent crude at last look rose 0.1% to US$66.94/barrel and West Texas Intermediate crude gained 0.3% to US$65.15/b.

Officials from the U.S. and China agreed on a framework to resolve trade disputes, which will now be reviewed by U.S. President Donald Trump.

Though trade-related downside risk has subsided for oil, the market reaction has been subdued as uncertainties remain about economic growth and oil demand impacts, Reuters reported, citing analysts.

Meanwhile, the plan by the Organization of the Petroleum Exporting Countries and allied producers to continue unwinding output cuts are still capping oil price gains, but greater oil demand could offset the supply hikes and support prices, analysts said in the report.