On Wall Street, U.S. stocks dipped on Tuesday, reversing earlier intraday record highs, following a report that the U.S. would likely maintain tariffs on Chinese goods until after the presidential election in November.
The Dow Jones Industrial Average, S&P 500 and Nasdaq each touched intraday record highs before losing ground in afternoon trade.
The Dow ended the session with a modest gain.
Oil prices rose as investors awaited a China-U.S. trade deal they hope will spur world growth after the economy in 2019 saw its weakest year since the financial crisis.
Brent crude gained 44 cents to settle at 64-64 a barrel and West Texas Intermediate crude futures rose 31 cents to settle at 58-39 a barrel.