Investors concerned about Oil slips trade Cushing drawdown

Oil prices drifted lower on Monday as little progress on trade negotiations between the U.S. and China kept prices under pressure, although positive inventory data in the U.S. provided some support.

In La Canada de Urdaneta, Venezuela, 1 October 2019, an oil pumpjack is seen. The photo was taken on October 1, 2019. REUTERS / Jose Nunez Brent crude LCOc1 futures lost 33 cents after falling to $61.57 earlier in the session to settle at....