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Oil prices fell on Tuesday but soon gained ground as equity markets rallied. The optimism of traders that the Sino-U.S. trade tensions would ease also helped the international markets. Brent slipped by 0.05% and was traded at $59.71 a barrel. WTI decreased by 0.3% and was traded at $56.06 a barrel. OPEC has indicated that the market will be in surplus in 2020 in its latest forecast.