Latest Oil Market News and Analysis for Oct. 30

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Oil edged lower as traders counted down to a summit between US President Donald Trump and Chinese counterpart Xi Jinping and, beyond that, an OPEC+ meeting on supply.
West Texas Intermediate fell toward $60 a barrel, rolling back Wednesday’s modest gain, while Brent closed below $65. The leaders of the two largest economies are expected to finalize a trade deal at their meeting in South Korea. Trump may also use the exchange to lean on Beijing to curb purchases of Moscow’s oil after his administration imposed sanctions on two Russian producers.