Oil steadied near $56 a barrel in New York before the resumption of talks aimed to resolve a trade dispute between the US and China, while political tensions in the Persian Gulf continue to simmer.
Futures were little changed in New York after rising 1 per cent last week. Chinese and American negotiators meet in Shanghai this week amid tempered expectations for a breakthrough in their year-long trade war that has dented demand. The UK has sent one of its Type 45 warships to the West Asia region after Iran seized a British oil tanker as the US seeks
Futures were little changed in New York after rising 1 per cent last week. Chinese and American negotiators meet in Shanghai this week amid tempered expectations for a breakthrough in their year-long trade war that has dented demand. The UK has sent one of its Type 45 warships to the West Asia region after Iran seized a British oil tanker as the US seeks

)