London — Oil fell on Monday after Russia said an oil cartel Opec-led pact may consider easing output cuts next year but prices held near recent three-month highs on hopes for a trade deal between the US and China.

Brent crude was down 19c, or 0.29%, at $65.95 a barrel by 10.10am GMT in thin trading ahead of the Christmas holiday. West Texas Intermediate (WTI) was down 29c, or 0.48%, at $60.15 a barrel...

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