Oil futures fell more than one per cent on Monday as the negative turn in the US-Chinese trade talks spooked investors, who had sent oil higher in early trade on concerns that tanker attacks in the Middle East could disrupt supplies.
Brent crude futures were down 77 cents at $69.85 a barrel.
U.S. West Texas Intermediate crude futures fell 88 cents to $60.78 a barrel, a 1.4 per cent decline, after previously hitting $63.33 a barrel.
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