Uncertainty about whether the US and China will be able to reach a partial trade deal is keeping a lid on prices
New York — Oil prices fell on Friday, pulling back from two-month highs as concern over US-China trade talks overshadowed expectations of an extension to Opec+ production cuts.
Uncertainty over whether the US and China will be able to reach a partial trade deal that would lift some pressure on the global economy kept a lid on prices. China has invited top US trade negotiators for a new round of face-to-face talks in Beijing as efforts continue to strike at least a limited deal, the Wall Street Journal reported on Thursday, citing unidentified sources.
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