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Oil Prices Fall Despite Positive Sino-U.S. Exchange News

Oil costs turned lower on Tuesday in Asia in spite of indications of facilitating pressures among China and the U.S., the world’s greatest oil merchants.

U.S. Unrefined petroleum WTI Futures lost 0.3% to $53.37 by 1:12 AM ET (05:12 GMT). Universal Brent Oil Futures additionally fell 0.2% to $58.84.

Oil costs exchanged higher before in the day after U.S. President Donald Trump said during a Cabinet meeting at the White House that China has started purchasing American horticulture items.