Oil pares gains after Donald Trump offers few details on US-China trade
Oil prices ended Tuesday little changed after paring gains of about 1% following a speech from U.S. President Donald Trump that offered few new details about Washington’s trade talks with Beijing.
Concerns about slower economic growth and oil demand due to the fallout from the 16-month trade dispute between the world’s two biggest economies have weighed on crude futures.
Brent crude futures ended the session down 12 cents at $62.06 a barrel after trading between $62.85 and $61.82. West Texas Intermediate (WTI) crude futures settled down 6 cents at $56.80 a barrel.
Prices pared earlier gains after Trump’s remarks to a lunch gathering of The Economic Club of New York included mixed messages about US-China trade talks and excluded specifics about any progress in negotiations.
