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Oil price were mixed on Monday, with U.S. crude edging lower, as investors and traders fretted over global economic growth prospects amid a standoff in Sino-U.S. trade talks.

U.S. West Texas Intermediate (WTI) futures were at $61.66 per barrel, from their previous settlement. 

Meanwhile, Brent crude futures were at $70.73 a barrel from their last close.

The trade conflict between the world's top two economies escalated on Friday, with the United States hiking tariffs on $200 billion worth of Chinese goods.

The United States and China together accounted for 34% of global oil consumption in the first quarter of 2019, data from the International Energy Agency showed.

Market participants will closely watch China's retaliatory steps in response to the imposition of additional US tariffs on Chinese goods, this could be particularly detrimental to the growth in global oil demand.

Expected trading range between resistant $62.50 the 20-EMA line and support $61.27 the 50-SMA line.