Brent crude futures climbed 61 cents a barrel, or around 1%, to $62.76 a barrel by 0909 GMT, while U.S. West Texas Intermediate crude was up 71 cents, or 1.2%, at $59.8 a barrel.
“It is clear that hopes are high with respect to trade talks,“ said Bjarne Schieldrop, chief commodities analyst at SEB.
Still, some U.S. producers have signaled that they would cut spending, cautioning that the country's oil output may have peaked, which is also contributing to the uptick in the market, analysts said.
The U.S.-China trade talks come after weeks of escalating tensions that have seen duties on goods imports between the world's two largest economies soar well beyond 100%.
U.S. government data on stockpiles is due at 10:30 a.m. ET (1430 GMT). Analysts polled by Reuters expect, on average, an 800,000-barrel decline in U.S. crude oil stocks for last week.
Crude stocks fell by 4.5 million barrels in the week ended May 2, market sources said, citing American Petroleum Institute figures on Tuesday.
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