Oil prices steady on US-China trade talks and fall in US stocks
Hopes grow for a US-China trade deal as Opec and its allies meet in July to discuss extending its supply cuts
London — Oil prices were broadly steady on Wednesday as data suggesting a smaller-than-expected fall in US crude inventories countered support from hopes for a US-China trade deal.
Brent crude futures were down 18c at $61.96 a barrel by 8.39am GMT. US West Texas Intermediate (WTI) crude fell 5c to $53.85 a barrel. On Tuesday, it had recorded its biggest daily rise since early January.