Oil down slightly after U.S.-China trade deal, U.S. product build
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NEW YORK (Reuters) - Oil prices were down slightly on Wednesday, pressured early by data showing big increases in U.S. refined products but recovered some of the losses later by the signing of a Phase 1 trade deal between Washington and Beijing.Brent futures lost 49 cents, or 0.8%, to settle at $64 a barrel, while U.S. West Texas Intermediate (WTI) crude ended 42 cents, or 0.7%, lower at $57.81."The bullish impetus that we had expected off of today’s weekly EIA report failed to develop and..