According to a Reuters report, oil prices lost about 2% on Monday on worries that global crude demand could stay under pressure as few details about the first phase of a U.S.-China trade deal did little to assure a quick resolution to the tariff fight.
Oil Price Under PressureOil prices also felt pressure as the U.S. dollar .DXY, which has an inverse relationship with crude prices, gained as waning trade deal hopes and ongoing concerns over Britain’s exit from the European Union attracted...
http://mfame.guru/more-than-2-oil-price-fall-as-us-china-trade-negotiations-falter/