Oil dips in volatile trade amid uncertainty on supply cuts, U.S.-China tariffs - Reuters:
Oil prices edged lower on Monday in volatile trading as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal and U.S.-China trade tensions continued to threaten demand for crude.
Brent crude futures fell 45 cents to $62.84 a barrel by 1:02 p.m. EDT (1702 GMT), after trading between $62.52 and $64.10. U.S. West Texas Intermediate (WTI) crude lost 5 cents to $53.94 a barrel.
Saudi Energy Minister Khalid al-Falih said that Russia was the only oil exporter still undecided on the need to extend the output deal agreed by top producers.
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