Oil pulls back from two-month highs on China trade worries - Reuters

Oil pulls back from two-month highs on China trade worries - Reuters:

Oil prices fell on Friday, pulling back from two-month highs as concern over U.S.-China trade talks overshadowed expectations of an extension to OPEC+ production cuts.

Brent crude futures LCOc1 eased 58 cents to settle at $63.39 a barrel, having touched a high of $64.27 early in the session. West Texas Intermediate crude (WTI) CLc1 fell 81 cents to settle at $57.77 a barrel, dropping from its session high of $58.74. 


After paring their gains, both benchmarks ended the week little changed. 


“The U.S.-China situation isn’t looking very positive, so that took some of the steam out of the rally you had this week,” said John Kilduff, a partner at Again Capital Management in New York.