Oil prices fell more than $1 on Thursday, declining for the first time in six da...
TOKYO - Oil prices fell more than $1 on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of rate cuts and Sino-U.S. trade talks ended without progress.
Brent crude, LCOc1 the international benchmark, fell $1.06, or 1.6%, to $63.99 a barrel by 0037 GMT, while U.S. crude was down 93 cents, or 1.6%, at $57.65 a barrel, having fallen more than $1 earlier. Meanwhile, negotiators from the United States and China, the world’s two biggest economies, wrapped up a round of trade talks on Wednesday without visible signs of progress and put off their next meeting until September.
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