Oil Prices Drop On New Concerns over US-China Trade Deal Prospects

Oil prices have declined on fresh tensions over the ongoing trade deal prospects between the US and China that the long-awaited deal may get delayed further.

Brent crude futures were down $0.22 to $62.18 a barrel, while West Texas Intermediate (WTI) crude futures fell $0.20 at $56.81 a barrel. Trade experts have cautioned that the first phase of a trade deal between the two biggest economies is likely to slide into 2020…

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