Brent crude oil futures edged above $65 per barrel on Thursday, extending gains for a fourth straight session, supported by easing geopolitical tensions that reduced downside risks to energy demand. President Trump said he would hold off on tariff measures against Europe after progress toward a framework agreement on the Arctic island and ruled out the use of military force. Additional support came from force majeure at a major Kazakh oilfield, with production at two large fields potentially offline for another week, while weak Venezuelan exports signaled slow output recovery. However, these supply risks were offset by oversupply concerns after the IEA reaffirmed that global oil supply is expected to significantly exceed demand this year, despite a slight upgrade to its demand growth forecast. Industry data also showed that US crude inventories rose by about 3 million barrels last week.