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Oil stocks fall back after 5% surge

Thursday,   10-Jan-2019   04:57 PM (IST)

Oil prices headed lower after jumping more than 5% on Wednesday amid optimism on U.S.-Sino trade talks.On a parallel with U.S. stocks, investors took some profit in oil on Thursday as the end of the latest round of trade talks left bulls some time to breathe ahead of further negotiations expected later this month.