U.S. oil prices fell for the second straight day on Tuesday amid market jitters ...
FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann/File Photo
West Texas Intermediate crude CLc1 fell 10 cents or 0.18% to $56.95 a barrel by 0148 GMT, falling again from an eight-week high hit last Friday when hopes for the trade deal rose.A Chinese government source was quoted by broadcaster CNBC on Monday as saying there was gloom in Beijing about prospects for a trade deal, with Chinese officials troubled by U.S. President Donald Trump’s comment that there was no agreement on phasing out tariffs.
The lingering trade battle that has seen the world’s two biggest economies impose tit-for-tat tariffs on each other has hit global growth prospects and clouded the outlook for future oil demand.
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