Oil falls on Trump's bearish China trade comments - Reuters:
Oil prices fell for a second day on worries that fuel demand could fall after U.S. President Donald Trump doused recent optimism over China-U.S. trade talks, at a time of rising U.S. crude oil stockpiles.
Brent crude futures LCOc1 were down $1.03 cents to $62.07 a barrel by 0811 GMT on Wednesday, erasing all gains made after an attack on Saudi oil facilities sent the benchmark up around 20% last week.
Nevertheless, the benchmark remains on track for its first monthly gain since June.
U.S. West Texas Intermediate crude CLc1 dropped to $56.49 a barrel, down 80 cents.
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