Oil prices fell on Friday, with Brent slipping away from the $70 mark reached th...
TOKYO - Oil prices fell on Friday, with Brent slipping away from the $70 mark reached the previous day, pulled down by worries about progress in the U.S.-China trade talks.
U.S. West Texas Intermediate crude was down 1 cent at $62.09. The contract fell 36 cents in the previous session, having hit $62.99 on Wednesday, its highest since Nov 7.The United States and China, the world’s two biggest oil consumers, could be close to a deal to end their trade dispute though some hurdles remain.
Still, Brent is heading for a second week of gains, while WTI is on track for a fifth consecutive weekly rise. Consultancy Rystad Energy said ongoing OPEC-led supply cuts would support oil prices towards the second half of this year and into 2020.
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