Oil futures edged lower in quiet trade Monday, as bulls struggle to build on gains seen last week on rising optimism over prospects for a so-called phase one U.S.-China trade deal.
West Texas Intermediate crude for December delivery CLZ19, -0.83% fell 9 cents, or 0.2%, to $57.63 a barrel on the New York Mercantile Exchange, while January Brent crude BRNF20, -1.03% was off 16 cents, or 0.3%, at $63.14 a barrel.
WTI crude hit an eight-week high above $58 a barrel in earlier action, but pulled back after clashes between students and police in Hong Kong intensified, analysts said.
