Oil steadies after slide on Trump's U.S-China trade comments - Reuters

Oil steadies after slide on Trump's U.S-China trade comments - Reuters:

Oil steadied on Tuesday, settling narrowly mixed as expectations of output cuts from OPEC and allied producers helped prices bounce after a slide following comments from U.S. President Donald Trump that a trade deal with China may be delayed.

Brent crude LCOc1 futures fell 10 cents to settle at $60.82 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 14 cents to settle at $56.10 a barrel.

Trump said a U.S.-China trade agreement might have to wait until after next November’s presidential election, denting hopes of a quick resolution to a dispute that has weighed on the world economy.

“I have no deadline, no,” Trump told reporters in London, where he was to attend a meeting of NATO leaders. “In some ways, I like the idea of waiting until after the election for the China deal.”