(Bloomberg) — Oil slipped from the highest settlement in 11 weeks on signs Russia was planning to start easing supply cuts from July, while tensions between the U.S. and China escalated amid the specter of sanctions.Futures fell 1.1% in New York after closing above $34 a barrel for the first time since March. Moscow is determined to scale back curbs in line with the OPEC+ agreement, according to people familiar with the matter, but a spokesman for President Vladimir Putin said that Russia would analyze the market before making a decision. Meanwhile, U.S.-China relations are back in the spotlight as …read more
Source:: Yahoo Finance
