Oil steadies as Saudi, Kuwait signals offset demand fears - Reuters:
Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies faced worries about sluggish crude demand growth due to the U.S.-China trade war.
International benchmark Brent crude was 6 cents higher at $58.59 a barrel by 11:51 a.m. CDT (1651 GMT), after trading between $57.88 and $58.88.
West Texas Intermediate (WTI) futures rose 26 cents to $54.76 per barrel, after trading in a range of $53.54 to $55.18.
Investors were torn between forecasts of slowing global oil demand growth and chatter about renewed efforts by major producers to curtail output and support prices, analysts said.
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