Oil prices steady amid hopes for U.S.-China trade deal

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Oil prices steady amid hopes for U.S.-China trade deal
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Oil prices were steady on Tuesday, holding onto gains from the previous session,...

FILE PHOTO: Oil pump jacks at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Lutz/File Photo

Brent crude futures LCOc1 were down 1 cent at $63.64 at 0121 GMT, after rising 0.4% in the previous session.China and the United States are “moving closer to agreeing” on a “phase one” trade deal, the Global Times - a tabloid run by the Chinese Communist Party’s official People’s Daily - reported.

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