Oil Holds Losses Near $53 as Trade Dispute Raises Economic Risks - Bloomberg

Oil Holds Losses Near $53 as Trade Dispute Raises Economic Risks - Bloomberg:

Oil held its losses from Tuesday at near $53 a barrel as pessimism over the prospects for a U.S.-China trade deal clouded the global economic outlook.

Futures in New York were little changed after falling on Tuesday, when they dropped with risk assets including global equities. The swoon was sparked by concerns that tensions between the world’s biggest economies will persist even after President Donald Trump’s top economic adviser denied a report that the U.S. has canceled preliminary talks with Chinese officials.