Crude Oil Prices Retreat

U.S. oil prices tumbled for the second session yesterday,  amid limited expectations of slow progress between Beijing and Washington on rolling back trade tariffs.

Currently, oil trades at 56.56, which is a loss of $0.29 or 0.51% from the previous clsoe of 56.85.

The daily range is from $56.38 — 57.10, while the trading volume is 76.241K.

There are higher hopes in Beijing about prospects for a trade deal, with China troubled by U.S. President Donald Trump's remarks that there was no agreement on phasing out tariffs.

The Energy Information Administration's official weekly report is coming later today.