Singapore/Tokyo — Oil prices were volatile on Tuesday after markets were spooked by surprise comments from White House trade adviser Peter Navarro saying a hard-won US-China trade deal was “over”, though he later said his comments had been taken out of context.

Jangled nerves were soothed to some degree after US President Donald Trump later tweeted that the China trade deal was fully intact, adding he hoped China would continue to live up to the terms of the agreement...

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