Oil falls amid fading hope of progress in US-China standoff
Supply on the increase with Opec members Nigeria and Venezuela stepping up production
Seoul — Oil prices fell on Thursday on concerns of lower fuel demand as talks this week between the US and China, the world’s two largest oil users, are not expected to help end the trade war between them, adding to anxieties about the global economy.
China, the world’s biggest oil importer, has lowered its expectations for talks on Thursday and Friday to end the 15-month-old trade dispute with the US...
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