Oil steadies on U.S.-China trade talks optimism - Reuters:
Oil prices were little changed on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign an interim deal to end their trade war.
Brent crude futures LCOc1 were down 6 cents at $63.33 a barrel by 12:50 p.m. (1750 GMT) West Texas Intermediate (WTI) crude CLc1 was up 1 cent at $57.78.
“Oil prices are surprisingly steady on Monday, despite the normal sensitivity to trade headlines,” Craig Erlam, senior market analyst at OANDA said.
“Momentum is clearly lacking in the more recent rallies in crude, although the strong bounce late last week may give bulls some cause for optimism.”
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