Oil prices mixed amid US-China trade impasse
The rig count has declined over the past five months as independent exploration and production companies cut spending on new drilling
Oil futures were mixed on Monday, with US (US) crude edging lower, as investors and traders fretted over global economic growth prospects amid a standoff in Sino-US trade talks.
US West Texas Intermediate (WTI) futures were at $61.58 per barrel, down nine cents, or 0.2 per cent at 0223 GMT, from their previous settlement. WTI closed the last session steady on the day.
Meanwhile Brent crude futures were at $70.73 a barrel, up 11 cents, or 0.2 per cent, from their last close. Brent ended the previous session little changed.
