Oil prices fall as traders weigh potential U.S.-China trade talks

News Snapshot:

Oil prices fell on Friday as traders squared positions ahead of an OPEC+ meeting and amid some skepticism about a potential de-escalation of the trade dispute between China and the United States. Brent crude futures were down 42 cents, or 0.7 per cent, to $61.71 a barrel at 0922 GMT, while U.S. West Texas Intermediate crude futures fell 46 cents, or 0.8 per cent, to $58.78 a barrel. For the week, Brent and WTI were on track for a 7 per cent drop, the biggest weekly declines in a month. China’s Commerce Ministry said on Friday that Beijing was “evaluating”...