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Oil prices dip; slow progress in trade talks counters OPEC cuts

Reuters  |  NEW YORK 

By Stephanie KellyNEW YORK (Reuters) - Oil prices edged lower on Monday as worries surrounding the resumption of U.S.-China trade talks overshadowed support from OPEC-led supply restraint.Brent crude futures lost 59 cents, or 0.95 percent, to settle at $61.51 a barrel.U.S. West Texas Intermediate (WTI) crude fell 31 cents, or 0.59 percent, to settle at $52.41 a barrel.Trade talks between the United States and China resumed with working-level discussions before high-level discussions later in the week.Beijing, however, expressed anger at a U.S. Navy mission through the disputed South China ...

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First Published: Tue, February 12 2019. 01:58 IST