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Oil steadies as US-China trade deal hopes counter demand concerns
Yahoo Financeยท 2025-10-27 13:37
By Seher Dareen LONDON (Reuters) -Oil prices recovered from early losses on Monday as optimism over a trade deal framework between the U.S. and China countered concerns about weak demand for crude. Brent crude futures were down 14 cents, or nearly 0.2%, to $65.70 a barrel at 1227 GMT. U.S. West Texas Intermediate crude futures were down 9 cents or 0.2%, to $61.41. Both contracts fell around 1% in early trade. U.S. Treasury Secretary Scott Bessent said on Sunday U.S. and Chinese officials had hashed out ...