Oil prices edge up on US-China trade optimism, but demand concerns cap
Oil prices steadied a little on Tuesday, supported by signs of progress in talks on resolving the US-China trade dispute, but gains were contained by lingering anxiety a slowdown in the global economy could hurt crude demand.
Brent crude futures were at $59.10 a barrel by 0027 GMT, up 14 cents, or 0.2 per cent, from their previous settlement. Brent settled down 0.8 per cent at $58.96.
US West Texas Intermediate (WTI) crude futures advanced 18 cents, or 0.3 per cent, from their last close to $53.49 per barrel. In the previous session, WTI settled 0.9 lower at $53.31 a barrel.
