Benchmark crude oil prices declined on markets in New York and London on Mar. 8 following comments that officials from the US and China have yet to schedule a summit to resolve their trade dispute. Terry Branstad, US envoy to Beijing, said negotiators continue trying to work out differences, including details on enforcement of any eventual deal. While saying progress has been made in the ongoing trade talks, Branstad also said more progress is needed before a summit date is set.

Source: News