Oil prices eased on Friday after three days of gains, with concerns about the state of the global economy amid the U.S.-China trade war keeping prices in check.
U.S. oil fell 6 cents, or 0.1%, to $56.65 a barrel by 0050 GMT. The contract is heading for a gain of more than 4% this week, boosted by a decline in U.S inventories and the approach of a hurricane toward Florida.
Brent crude was down 10 cents, or 0.2%, at $60.98, after adding 1% on Thursday.
Worries about a slowdown in economic growth due to the U.S.-China trade war and the flow-on to oil demand have kept a lid on price gains, even as falling inventories indicate a balancing market.
China's commerce ministry said on Thursday the world's two biggest economies were discussing the next round of face-to-face trade talks scheduled for September, but hopes for progress hinged on whether Washington could create favorable conditions.
Source : Reuters