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Oil steadies near $56 a barrel amid trade talks between US and China

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

Oil sector
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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

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First Published: Jul 29 2019 | 11:23 PM IST

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