Oil prices were under pressure midweek, hammered by US President Donald Trump’s negative comments about a resolution for the US-China trade dispute and signs of a speedy recovery in Saudi oil production following the 14 September attacks on the kingdom’s crude processing facilities.
A surprise rise in US weekly inventories added to the rout.
The market had come under sustained selling pressure earlier in the week with the focus switching from geopolitical risks to worries over weak demand for oil because of a slowing world economy.
