Oil prices fell on Tuesday on concerns about excess supply and risks to demand stemming from tensions between the U.S. and China, the world’s top two oil consumers, even as President Donald Trump said he expected to reach a trade deal. Brent crude futures fell 14 cents, or 0.2%, at $60.87 a barrel at 0005 GMT. The U.S. West Texas Intermediate crude (WTI) contract for November delivery, set to expire on Tuesday, eased 0.1% to $57.45. The more-active December contract was down 13 cents, or 0.2%, at $56.89. U.S. President Donald Trump said on Monday he expects to reach a…
Crude oil prices decline on oversupply fears
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