Oil prices fell on Wednesday as a possible delay in resolving the U.S.-China tra...
TOKYO - Oil prices fell on Wednesday as a possible delay in resolving the U.S.-China trade war overshadowed a drop in U.S. crude inventories.
U.S. West Texas Intermediate crude was down 15 cents, or 0.3%, at $55.39 a barrel after reaching a low of $55.16. “Fading optimism over a U.S.-China phase-one deal further weighed on oil prices as trade risks are set to rise,” she said. Russia’s deputy energy minister also said on Tuesday it was too early to talk of deeper output cuts by OPEC and its allies, adding to the pressure on the market.
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