Oil slid below $66 a barrel on Thursday, pressured by concerns over whether the G20 summit will produce a breakthrough on trade and perceptions that supply is ample despite the prospect of continued OPEC curbs.
U.S. President Donald Trump said on Wednesday a trade deal with Chinese President Xi Jinping was possible but he is prepared to impose U.S. tariffs on most remaining Chinese imports if the two countries donβt agree.
βA complete breakdown of the talks will have a negative impact on the financial markets and also on oil, but the sell-off in risky assets should be short-lived,ββ said
