Doha: Oil extended gains on Tuesday, lifted by hopes of improved economic activity after the US-EU trade deal, a potential US-China tariff truce, and President Donald Trump's shorter deadline for Russia to end the Ukraine war. Brent crude futures were up 24 cents, or 0.34%, to $70.28 a barrel, while US West Texas Intermediate crude was at $66.93 a barrel, up 22 cents, or 0.33%.

According to Qatar News Agency, both contracts settled more than 2% higher in the previous session, and Brent touched its highest level since July 18 on Monday. The market remains attentive to geopolitical developments and economic indicators that could influence future oil demand and pricing.