Oil prices rose in early Monday trading after U.S. and Chinese economic officials outlined a framework for a trade deal, easing concerns that tariffs and export restrictions between the world’s two largest oil consumers could slow global growth.

Brent crude futures gained 46 cents, or 0.7%, to $66.40 a barrel by 0027 GMT, while U.S. West Texas Intermediate (WTI) crude rose 46 cents, or 0.75%, to $61.96. Both benchmarks had surged last week—Brent up 8.9% and WTI up 7.7%—following sanctions on Russia by the U.S. and EU.