Oil rises after five days of losses

Oil prices rose after five days of declines as the United States and China prepared to sign the first stage agreement of the trade deal in addition to the easing of tensions in the Middle East, and data showed that crude stocks in the United States rose unexpectedly by 1.1 million barrels per week until 10 January.

The expected signing of the trade agreement between the United States and China in the first stage on Wednesday is a major step in ending the conflict that led to lower global growth and a decline in oil demand.

Brent crude futures rose 0.5% to settle at $ 64.49 a barrel as U.S. West Texas Intermediate crude futures rose 0.3% to $ 58.23 a barrel and WTI futures were below the second month for the first time since November 19