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Brent crude <LCOc1> added 29 cents, or 0.6%, to $45.28 a barrel,
by 0819 GMT. West Texas Intermediate U.S. crude <CLc1> rose 38
cents, or 0.9%, to $42.32 a barrel.
U.S. President Donald Trump tweeted that top congressional
Democrats wanted to meet with him on coronavirus-related
economic relief. The talks between Democrats and the Trump
administration broke down last week.
"A deal on the support package is not a foregone conclusion but
if it a mutually acceptable accord is struck stocks and oil will
get a short-term boost," Tamas Varga of oil brokerage PVM said.
Signs of recovering Asian oil demand also boosted prices.
On Sunday, Aramco CEO Amin Nasser said he sees oil demand
rebounding in Asia as economies gradually open up.
China's factory deflation eased in July, driven by a rise in
global oil prices and as industrial activity climbed back
towards pre-coronavirus levels, adding to signs of recovery in
the world's second-largest economy.
Prices also found support from a rally in European stocks which
rose for a third straight session on Tuesday as automakers
gained on firm China sales data.
U.S. passenger airline traffic, which was hit hard by the
coronavirus pandemic, was down 80% in June from a year earlier,
official figures showed, but still nearly twice the levels of
May.
Energy companies have begun taking back millions of barrels of
oil from the U.S. government's emergency stockpile after renting
storage in the facility to help manage a glut of crude this
spring after energy demand collapsed during COVID-19 lockdowns,
a Department of Energy website showed on Monday.
(Additional reporting by Naveen Thukral and Shu Zhang in
Singapore, Editing by Louise Heavens)
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