Oil prices slides down ahead of inventory data

Oil prices edged lower in quiet trade on Tuesday as concerns about slower economic growth overshadowed signs of a thawing in the trade war between Washington and Beijing, while investors awaited US inventory data.

Brent futures were down 3 cents at $61.54 a barrel by 0137 GMT, having fallen 0.7% on Monday.

US West Texas Intermediate (WTI) crude was down 9 cents at $55.72, after falling 1.5% in the previous session.

Prices rose sharply last week amid a decline in US inventories and signs of an easing in the US-China trade war, but worries on Monday about weaker economic growth offset hopes of a rise in oil demand even if trade talks progress.

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