0737 GMT - Oil prices edge higher, but lingering uncertainty over trade talks and the prospect of increased OPEC+ supply continue to cast a shadow on the overall outlook. In early European trading, Brent crude and WTI both rise 0.2% to $65.92 and $63.18 a barrel, respectively. Concerns about weaker global demand due to the U.S.-China trade war continue to drag on sentiment, with mixed signals surrounding the status of negotiations. "An agreement between the U.S. and China appears someway off," analysts at ANZ Research say. Meanwhile, the OPEC+ alliance is set to convene virtually next week to discuss supply quotas for June. Traders are also closely monitoring nuclear talks between the U.S. and Iran, which are slated to continue this week, as well as negotiations for a peace deal in Ukraine following a one-on-one meeting between Presidents Trump and Zelensky at the Vatican on Saturday. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
April 28, 2025 03:37 ET (07:37 GMT)
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