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Oil prices dipped in early trading but are on track for a weekly gain of more than 3% after President Trump and Chinese leader Xi Jinping agreed to further trade talks.
Still, expectations the OPEC+ will agree to another large output hike to regain market share and take advantage of seasonal demand continue to hang over the market.
Brent crude fell 0.6% to $64.95 a barrel, while WTI was down 0.7% to $62.95 a barrel.
