Oil prices edged up towards a seven-week high on Wednesday as markets assessed the outcome of U.S.-China trade talks, yet to be reviewed by U.S. President Donald Trump. Brent crude futures were up 9 cents,

Speculators bought 42,496 lots in NYMEX WTI over the last reporting week, leaving them with a net long of 163,078 lots as of last Tuesday, while buying in ICE (NYSE: ICE) Brent was more modest, with speculators purchasing 8,813 lots, leaving them with a net long of 167,763 lots.

As of 21:00 ET (01:00 GMT), Brent Oil Futures expiring in July inched down 0.1% to $66.43 per barrel, while West Texas Intermediate (WTI) crude futures also edged 0.1% lower to $64.52 per barrel.