Oil prices fall as crude build-up offsets hopes for U.S.-China trade talks

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Brent crude futures LCOc1 were at 62.60 dollars a barrel by 0330 GMT, down 36 cents, or 0.6 per cent. Brent settled up 1.3 per cent on Tuesday.

U.S. West Texas Intermediate crude CLc1 futures fell 29 cents, or 0.5 per cent, to 56.94 dollars per barrel, having closed up 1.2 per cent in the previous session.

However, hopes remain for a breakthrough on trade in talks between the United States and China, the world’s two biggest oil consumers, keeping price falls in check.

 

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