Oil prices fall as global demand concerns grow - Reuters

Oil prices fall as global demand concerns grow - Reuters:

Oil fell on Monday as concerns about economic growth combined with signs of ample global supplies pressured prices, outweighing bullish signals from Europe, where fears of an economically damaging no-deal Brexit have eased. 

Global benchmark Brent crude LCOc1 was down 57 cents at $58.85 a barrel by 0944 GMT. U.S. West Texas Intermediate crude oil CLc1 declined 39 cents to $53.39 a barrel.

U.S. and Chinese trade negotiators are working on nailing down a Phase 1 trade deal text for their presidents to sign next month, hoping to resolve a trade war that has rumbled on over the last year, slowing global economic growth.