OPEC+ on Jan 1 this year cut output by 1.2 million barrels per day (bpd), and in July, renewed the pact until March 2020.
A forecast by the International Energy Agency for slower global oil demand growth post-2025 also weighed on the market.
US officials said a lot of work remained to be done when Trump announced the outlines of an interim deal last month.
China’s latest push for more tariff rollbacks would be discussed, but was not expected to derail progress toward an interim deal.
US crude inventories rose by 4.3 million barrels in the week ended Nov 1 to 440.5 million barrels.
Global markets turned cautious ahead of the two day meet between US-China on trade, analyst said.
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