05:01 AM EDT, 06/10/2025 (MT Newswires) -- Crude oil prices rose on Tuesday amid hopes that ongoing U.S.-China trade talks are progressing well and following the release of a favorable U.S. jobs report.

Brent crude at last look gained 0.3% to US$67.25/barrel and West Texas Intermediate crude rose 0.3% to US$65.49/b.

The trade talks between the two major oil consumers are set to continue for a second day in London, with officials working to ease tensions from tariffs and other trade policy changes, Reuters said in a Tuesday report.

A trade deal would support the global economic outlook and improve demand for oil and other commodities.

Meanwhile, Iran expects to hand a counter-proposal for a nuclear deal to the U.S. soon. Any easing of U.S. sanctions on Iran would boost the country's oil exports, which would weigh on crude prices, Reuters reported.

Gains were capped by a Reuters survey showing an increase in oil output from the Organization of the Petroleum Exporting Countries in May, but the increase was limited as Iraq produced below target to compensate for overproduction, the report said.