[size=36]Oil rises on optimism over trade talks and OPEC meeting[/size]
Oil prices rose on Monday , extending gains of the previous week, as investors awaited further evidence of a possible trade agreement between the United States and China, ignoring concerns about a steady increase in the supply of oil.
Brent crude futures were up 11 cents, or 0.2 percent, at $ 63.41 a barrel by 0751 GMT. Crude rose 1.3 percent last week.
WTI crude futures were up 21 cents, or 0.4 percent, at $ 57.93 a barrel, after rising 0.8 percent last week.
Oil rose nearly 2 percent on Friday after comments by a senior US official raised optimism about a US-China trade deal, but concerns over crude supplies put an end to gains.
The 16-month-old trade war between the world's two largest economies slowed growth around the world and prompted analysts to lower their forecasts for oil demand growth, raising fears of an oversupply in 2020.
The Organization of the Petroleum Exporting Countries said on Thursday it expected The decline in demand for its oil in 2020, which supports the view held by market traders that the Organization and other producers, including Russia, under the so-called OPEC +, will maintain production restrictions imposed to address the glut of supply.
OPEC and its allies are expected to discuss production policy at a meeting on December 5 and 6 in Vienna. Their current agreement lasts until March