Oil trims losses, Brent returns above $62

Oil prices fell today as the uncertainty over the US-China trade talks sparked demand concerns.

Which came after President Donald Trump denied the reports about a complete rollback of the Chinese tariffs, and added that it's what China wants but not the US.

This remarks mounted the concerns about the trade talks between the two countries and raised doubts about their intentions to end the dispute.

The optimism about the first phase of the US-China trade deal has faded with expectations of several hurdles in its way.

Otherwise, the dollar index fell against a basket of currencies by 0.2% to 98.1 points, with an intraday high of 98.3 and a low of 98.1.

West Texas Intermediate (WTI) fell by 0.4% to $57.01 a barrel as of 17:47 GMT, with a high of $57.4 and a low of $56.2.

Brent fell by 0.2% to $62.3 a barrel, with a high of $62.7 and a low of $61.5.