Oil declines on global demand worries despite hopes on trade talks
Share:
TOKYO (Reuters) - Oil futures fell on Friday as concerns about global growth and slowing demand lingered despite hints of progress on U.S.-China trade talks, setting up prices for weekly losses after days of swinging back and forth. Brent crude was down 18 cents, or 0.3%, at $60.20 a barrel by 0442 GMT, while U.S. West Texas Intermediate (WTI) was off by 14 cents, or 0.3%, at $54.95. Brent has traded in a range of nearly $5 this week and is heading for its first weekly loss in five. U.S...