Oil prices 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 17 cents or 0.3% to $65.39 a barrel by 0940 GMT, while West Texas Intermediate crude was up 10 cents or 0.2% to $60.17 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 said..