Oil falls amid doubts over U.S.-China trade deal, rising stockpiles - Reuters:
Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom compounded by rising crude inventories in the United States.
Brent crude, the global benchmark, was down 44 cents, or 0.7%, at $61.85 a barrel by 0739 GMT, after gaining 0.9% in the previous session. Brent is set to rise 0.4% for the week.
U.S. West Texas Intermediate (WTI) crude was down 50 cents, or 0.9%, at $56.65 a barrel. The contract rose 1.4% on Thursday and is set to rise 0.8% for the week.
The trade war between the world’s two biggest economies has slowed economic growth around the world and prompted analysts to lower forecasts for oil demand, raising concerns that a supply glut could develop in 2020.
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