Oil prices advanced on Monday after Washington and Brussels reached a framework trade agreement that heads off a threatened escalation in trans-Atlantic tariffs. Brent crude rose 76 cents, or 1.1%, to $69.20 a barrel by 10:28 a.m. London time, while U.S. West Texas Intermediate gained 74 cents to $65.90. The accord imposes a 15% levy on most European Union exports to the United States, averting previously signalled duties of 30%. U.S. President Donald Trump said the deal also calls for the bloc to purchase about $750 billion worth of U.S. energy over the coming years, easing investor concerns about a broader trade war and supporting commodity markets. Traders are also watching separate talks in Stockholm aimed at extending the current U.S.–China tariff truce before an 12 August deadline, as well as an OPEC+ review later on Monday that is widely expected to keep the group’s production-increase schedule unchanged. Analysts said the removal of one layer of trade uncertainty allows the market to refocus on supply fundamentals, though a strong dollar and softer Indian crude demand continue to cap gains.