Oil prices edged lower on Thursday, extending losses from the previous two sessi...
SINGAPORE - Oil prices edged lower on Thursday, extending losses from the previous two sessions, as Saudi Arabia quickly regained production volumes after an attack on its oil facilities and amid increasing signs of slowing demand.
Prices found slight support on hopes that the U.S.-China trade dispute may ease, potentially boosting oil demand. Analysts said there was little else besides the slightly more positive outlook on the trade talks to help lift crude futures higher. “Fundamentally, a much weaker than expected Germany manufacturer PMI data painted a tepid outlook for energy demand,” said Margaret Yang, market analyst at CMC Markets.
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