Oil edges lower on new US-China trade deal worries
Opec and its allies are likely to extend oil output cuts until mid-2020 when they meet in December
21 November 2019 - 15:06
London/Singapore — Oil prices edged lower on Thursday as fresh tensions between the US and China over protests in Hong Kong fueled concern that a deal to end a trade war between the world’s top two economies may be further delayed.
Brent crude fell 28c, or 0.4%, to $62.12 a barrel by 11.22am GMT, while West Texas Intermediate (WTI) crude was down 23c, or 0.4%, at $56.78. Both benchmarks had risen strongly on Wednesday due to bullish data on US crude inventories...
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