Oil Slips With US Trade Talks, EU Curbs on Russia in Focus

Oil edged down, extending its losing streak from last week, on lingering worries about crude demand as US trade talks stall and the European Union’s latest sanctions have yet to dent Russian energy exports.

West Texas Intermediate crude ended the day marginally lower near $67 a barrel on Monday, after slipping 1.6% last week. EU envoys are set to meet as early as this week to formulate a plan to respond to a possible no-deal scenario with US President Donald Trump, whose position is seen to have stiffened ahead of an Aug. 1 deadline.