Oil prices hold near three-month highs on U.S.-China trade deal

LONDON (Reuters) - Oil prices on Monday held near three-month highs, supported by last week's announcement that an initial trade deal had been reached between the United States and China.Brent crude oil futures rose 10 cents or 0.15% to $65.32 a barrel by 1145 GMT, while West Texas Intermediate crude was down 4 cents or 0.07% to $60.03 a barrel. The United States and China announced on Friday a "phase one" agreement that will reduce some U.S. tariffs in exchange for what U.S. officials..