Oil prices rose after reports of progress in trade talks between the US and China, which restored optimism in the market and may indicate a potential increase in demand in the two largest oil-consuming countries. WTI crude contracts were up 0.79%. Both grades were already up more than $1 on Friday and were up more than 4% for the week, the first positive gain since mid-April. However, OPEC+ plans to increase production in May and June may limit the potential for further price growth.The market has consolidated above the previously noted level of $59.80 and is heading towards significant resistance, which may be met in the area: $61.80-65.