Oil prices little changed as markets eye U.S.–China trade talks

Oil futures held most of their previous-session gains on Thursday as markets awaited the outcome of the intended meeting between Donald Trump and Xi Jinping in Busan, South Korea, and assessed whether trade-tension relief could boost fuel demand. Brent crude futures dipped 3 cents to US$64.89 a barrel, while U.S. West Texas Intermediate fell 11 cents to US$60.37. Investors noted that the recent drawdown in U.S. crude and fuel inventories had underpinned earlier gains, but the outlook remains shaky given uncertainty over the trade deal and global growth.