Oil prices edge lower ahead of G20, OPEC meetings | Reuters

Oil prices edge lower ahead of G20, OPEC meetings | Reuters:

Oil prices dipped on Tuesday, weighed down by uncertainty over the U.S.-China trade war and signs of increased global crude production, but losses were limited by expectations that crude exporters would agree to cut output at an upcoming OPEC meeting.

Brent crude LCOc1 futures fell 27 cents to settle at $60.21 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 7 cents to settle at $51.56 a barrel. 


Prices fell to their lowest since October 2017 last week - Brent at $58.41 and WTI at $50.15.