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Crude Oil - Will Trade Talk Tensions Boost Sleepy Crude ?
Crude oil prices are slightly lower on Tuesday. In the North American session, West Texas Intermediate crude oil futures are trading at $55.68, down $0.22 or 0.41%. Brent crude oil futures are trading at $60.82, down $0.27 or 0.44%. After Friday’s plunge, crude prices have stabilized this week. However, crude is under downward pressure on Tuesday, as investors are growing concerned over negative developments that could affect the trade talks. Last month, the U.S. Senate passed legislation in support of pro-democracy supporters in Hong Kong, a move that infuriated the Chinese government. On Tuesday, Chinese media ... (full story)