Oil prices soften as markets assess U.S.-China trade talks outcome

Open this photo in gallery: The price of oil fell Tuesday as the U.S. and China reached a framework deal to ease export restrictions.PASCAL ROSSIGNOL/Reuters Oil prices softened in Asian trade on Wednesday as markets assessed the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from China and OPEC+ production increases weighing on the market. Brent crude futures declined 19 cents, or 0.3 per cent, to trade at US$66.680 a barrel, while U.S. West Texas Intermediate crude fell 16 cents, or 0.3 per cent, to US$64.82 at 0318 GMT. U.S. and…