Oil Spikes to Highest Levels Since April

Oil prices were rising Tuesday, readying to mark four straight days of gains.

Global benchmark Brent crude and West Texas Intermediate crude both rose to session highs at $67.56 and $66 a barrel, respectively, rivaling levels last seen in April.

The gains could be coming from optimism on U.S.-China trade talks, but the broader picture still points to a downtrend. OPEC+, a coalition of oil producing nations, is adding more supply to the market while forecasts of falling growth have raised fears about energy demand. Lower demand, higher supply is a recipe for lower oil prices.