Oil drops on concern over U.S.-China trade talks progress, oversupply
Share:
TOKYO (Reuters) - Oil prices fell on Monday amid renewed doubts over the prospects of a trade deal between the United States and China, while concerns over excess supplies also weighed on the market.Brent crude was down 55 cents, or 0.9%, at $61.96 by 0350 GMT. The contract rose 1.3% last week.U.S. crude was 47 cents, or 0.8%, lower at $56.77 a barrel, having risen 1.9% last week. Trump said on Saturday that trade talks with China were moving along "very nicely," but the United States would..