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Oil prices decrease amid delay in US-China trade talks

Global oil prices headed lower in the wake of a reported delay in the US-China trade discussions and a slowdown in OPEC output cuts.
 
April West Texas Intermediate crude rose 31 cents to trade at $58.57 a barrel on the New York Mercantile Exchange, poised for a fourth straight session climb. 
 
It looks to settle at its highest since mid-November, just as it did on Wednesday, according to FactSet data.


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