Oil edges up as China, U.S. set trade talks, but markets wary of slowing demand | Reuters:
Oil prices on Thursday clawed back some of the previous day’s losses after Beijing said it would send a delegation to Washington to try to resolve a trade dispute between the United States and China that has roiled global markets.
Market sentiment, though, remains bearish amid the dispute and concerns of an economic slowdown in emerging markets.
Brent crude oil futures LCOc1 were at $71.11 per barrel at 0712 GMT, up 35 cents, or 0.5 percent, from their last close.
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