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Oil prices extended losses on Wednesday after Trump's comments drenched the market's optimism on trade talks between the US and China. The clouds of concerns over plunging demand and global economic growth kept the market down. Brent went down to $62.64 a barrel. WTI slipped and was traded at $56.89 a barrel. Trump condemned China's trade policies in the UN General Assembly and denied accepting "bad deal" in trade negotiations.