Oil Keeps Falling on Signs Trade Talks Won’t Bring Demand Relief

(Bloomberg) — Oil kept falling after its biggest weekly drop since July as signs that reaching a comprehensive U.S.-China trade deal will be tough gave no respite from a worsening demand outlook.Futures in New York edged lower after losing 5.5% last week. Chinese officials are signaling they’re increasingly reluctant to agree to a broad deal pursued by President Donald Trump, according to people familiar with the discussions, before high-level talks between the two sides that are set to resume this week.Oil fell for eight days through Thursday as a slew of disappointing economic data highlighted the increasing toll the trade …read more

Source:: Yahoo Finance

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