Oil prices eased on Monday as traders remained cautious ahead of fresh European ...
SINGAPORE - Oil prices eased on Monday as traders remained cautious ahead of fresh European and U.S. economic data, despite hopes for some resolution to the U.S.-China trade row that has hurt global economic growth and crimped energy demand.
Brent crude futures for January LCOc1 fell 26 cents to $55.94 a barrel by 0125 GMT while December U.S. crude futures CLc1 was at $61.42 a barrel, down 27 cents. Also underpinning U.S. crude prices was a shutdown of the Keystone pipeline that sends Canadian heavy crude to the United States. Owner TC Energy Corp said on Friday work was underway to plug the pipeline in North Dakota.
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