Oil prices rose on Tuesday following the decisions by the United States and China to extend their mutual tariff truce, easing concerns about weak fuel demand in the world’s two largest crude consumers. Brent crude futures increased by 26 cents, or 0.39%, to $66.89 per barrel by 00:15 GMT, while US West Texas Intermediate crude futures rose 22 cents (0.34%) to $64.18 per barrel. The decision revived hopes for a trade agreement between the two largest economies, potentially avoiding a virtual trade war. Tariffs could slow economic growth, draining global fuel demand and causing oil prices to fall. US President Donald Trump signed an executive order extending the trade truce with China for 90 days just hours before the deadline.