Oil steadied after its biggest gain in a week on optimism over US trade talks ahead of next week’s deadline, and as tightness in diesel markets boosts sentiment.
Brent crude rose above $69 a barrel after climbing 1% on Thursday, while West Texas Intermediate traded near $66. Indian Commerce Minister Piyush Goyal said he was confident that his country could reach an agreement with the US before Aug. 1, while Brazil and Mexico looked to broaden trade ties.