India, May 20 -- Oil edged lower on Tuesday after two days of gains as Russian President Vladimir Putin indicated a potential resumption of peace talks with Ukraine and Iran said nuclear talks could break down if the U.S. insists on no enrichment.
A weaker U.S. dollar helped limit losses to some extent as investors weighed trade-related uncertainties, growing fiscal deficit and weakened confidence about enduring U.S. exceptionalism.
Benchmark Brent crude futures dipped 0.4 percent to $65.30 a barrel in European trade while WTI crude futures were down 0.2 percent at $62.03.
Russian President Putin and U.S. President Trump had a two-hour phone call on May 19, discussing preferences for quick agreements on the Ukraine conflict and diplomacy...