Latest Oil Market News and Analysis for Oct. 14

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Oil steadied after paring a slump in the week’s opening session, as investors weigh the fallout of renewed US-China trade tensions against demand.
West Texas Intermediate traded near $60 a barrel after gaining 1% in the previous session — following a 4.2% plunge on Friday — while Brent closed just above $63. US president Donald Trump eased his rhetoric against China after touting a fresh round of US tariffs and export curbs late last week and flagged openness to a deal with Beijing.