Oil rose in the morning Asian session amid U.S.-Iran tensions.

U.S. soybean oil futures climbed more than 2% on Tuesday after President Donald Trump unexpectedly announced a trade deal with India, in a sign of optimism that a truce could open the way for billions of dollars of American products to hit the world’s most populous nation.

April Brent oil futures were at $66.02, down by 0.42%, and March crude oil futures on WTI (West Texas Intermediate) were at $61.92, down by 0.35%

By Georgina McCartney HOUSTON, Jan 27 (Reuters) - Oil prices rose by more than $1 a barrel on Tuesday as producers reeled from a winter storm that hobbled crude production and drove U.S. Gulf Coast crude exports to zero over the weekend.

Crude futures settled higher for a fourth consecutive weekly gain as rising geopolitical tensions outweighed broader concerns of global oversupply.

More than 115 companies report earnings this week, including Alphabet on Wednesday and Amazon on Thursday.

The Trump administration is working to put the details of its trade deal with India announced on Monday on paper, but it will reduce India's tariffs on American industrial goods to zero from 13.5% and eliminate duties but allow India to maintain some agricultural import protections,