Brent crude oil futures hovered around $65.6 per barrel on Tuesday after a two-day decline, as traders weighed OPEC+’s plan to further increase output against signs of progress in US-China trade negotiations. The producer group is reportedly considering a modest production hike for December, when members meet on Sunday, with Saudi Arabia pushing to regain market share. Meanwhile, senior officials from Washington and Beijing have agreed on a framework for a deal to be decided by President Trump and President Xi during their highly anticipated meeting in South Korea on Thursday. Elsewhere, US sanctions on Russian oil giants Rosneft and Lukoil remained in focus. Sources familiar with the matter said that Washington aims to make Russia’s oil trade more costly and risky but without triggering another spike in prices.