Oil prices today fell as a possible delay in resolving the U.S.-China trade war overshadowed a drop in U.S. crude inventories. Brent crude prices were trading around 61 dollars and 60 cents per barrel. WTI prices were at around 55 dollars and 40 cents per barrel when reports last came in. China and the United States were continuing to operate on an interim trade agreement.
But it may not be finished in time for U.S. and Chinese leaders to acknowledge it next month, a U.S. government official said. Additionally, the latest latent delay in the negotiations hampered a rally in international share markets. US and China are the two most significant economies. China is the largest growing economy, the US being a superpower has certain grievances with China.