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Oil falls after Trump warns of China trade deal delay

Reuters Tuesday, 3 December 2019 ()
Oil prices slipped on Tuesday after U.S. President Donald Trump said a trade deal with China could be delayed until after the next U.S. presidential election, though losses were capped by an expected deepening of output cuts by OPEC and its allies.
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News video: Trump Suggests China Trade Deal Can Wait Until After 2020 Election

Trump Suggests China Trade Deal Can Wait Until After 2020 Election 02:14

Stocks tumbled after President Trump indicated he&apos;s in no hurry to make a trade deal with China because &quot;we&apos;re doing very well with China right now.&quot;

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