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The United States and China have agreed to an initial trade deal after a prolonging trade war between the two nations. Post this, oil prices slipped but remained near three-month highs on Monday. Brent came down by 0.4% and was traded at $64.99 a barrel. WTI fell by 0.4% and was traded at $59.84 a barrel. Both the countries have announced “phase one” agreement on Friday.