Oil prices edged lower Monday, erasing an earlier gain as the dollar rose and investors looked ahead to another round of trade talks between the U.S. and China. The moves came ahead of key trade talks. Fears that the trade war will stymie global growth and hurt oil demand amid a supply glut have weighed on prices in recent months. In one sign of investor hopes for this week’s trade talks, prices for copper, which also recently have been pressured by fears of slowing growth, rose Monday. Copper is used extensively in manufacturing and production, making its price sensitive to expectations of global growth.

Source: Wall Street Journal October 07, 2019 16:35 UTC