Oil steadies near $56 a barrel as US and China plan further talks

On Iran, the US hinted that more measures are coming after imposing new sanctions, while deflecting questions about French diplomatic efforts meant to help the Persian Gulf producer restart oil sales

Oil steadied near $56 a barrel as China said it would resume talks with the US to try and resolve a trade impasse that has weighed on global growth and fuel consumption.
 
Futures in New York were little changed after jumping 4.3 per cent on Wednesday in the biggest advance since July 10. Chinese trade negotiators will head to Washington in early October for talks, the nation’s commerce ministry said in a statement on Thursday. Crude oil surged the previous day as the White House placed new sanctions on Iran, while Russia said it would keep to its Opec+