Oil drops on U.S.-China trade talks, American supply surge (Reuters)

Oil prices edged down on Thursday amid a lack of any clear resolution to U.S.-China trade talks and official data that again indicated vast fuel stocks in the United States.

Global financial markets had surged on hopes that Washington and Beijing may soon end their dispute and avert an all-out trade war between the two biggest economies.

Some of the positive feeling ebbed on Thursday, however, a day after negotiations wrapped up with mildly positive statements from both sides but few details.
more at: https://www.reuters.com/article/us-global-oil/oil-drops-1-percent-on-u-s-china-trade-talks-american-supply-surge-idUSKCN1P401R

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