Oil down but still set for weekly gain on U.S.-China diplomacy - Reuters

Oil down but still set for weekly gain on U.S.-China diplomacy - Reuters:

Oil prices fell on Friday as U.S.-China trade tensions continued to weigh on sentiment despite recent diplomatic progress.

Brent crude was down 93 cents, or 1.53%, at $60.02 a barrel by 1420 GMT. U.S. West Texas Intermediate (WTI) crude was down $1.08, or 1.92%, at $55.22.

Brent is still set to register its fourth consecutive weekly gain while U.S. crude is on track for a second weekly rise.