Oil futures end the week on a positive note, lifted mostly by easing trade tensions after the U.S. and China agreed to cut tariffs on each other’s goods for 90 days to allow for talks. Keeping a lid on prices despite stronger summer demand approaching are OPEC+ production plans and U.

Oli prices were up on Friday after losses were recouped from the previous day and are on track for a second consecutive weekly gain, buoyed by hopes of trade tension between the US and China continuing to thaw.