Singapore — Oil prices pulled back from their highest levels in nearly two months on Friday amid continued uncertainty over whether the US and China will be able to reach a partial trade deal that would lift some pressure on the global economy.
China has invited top US trade negotiators for a new round of face-to-face talks in Beijing amid continued efforts to strike at least a limited deal, the Wall Street Journal reported on Thursday citing unidentified sources. Prices had touched their highest since late September on Thursday after Reuters reported that the Organization of the Petroleum Exporting Countries and Russia are likely to extend existing production cuts by another three months to mid-2020 when they meet on December 5.
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