OIL PRICE: NEAR $59
REUTERS - Oil prices fell more than 2% on Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a U.S.-Sino thaw that had helped lift crude markets by 2% at the end of last week.
Brent crude LCOc1 dropped $1.46 to $59.05 a barrel by 1015 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 lost $1.27 at $53.43 a barrel.
Late on Friday, the United States and China outlined the first stage of a trade deal and suspended this week's scheduled U.S. tariff hikes. But existing tariffs remain…
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