India, June 12 -- Oil prices fell on profit taking Thursday after surging over 4 percent on Wednesday to hit a two-month high amid escalating Middle East tensions.
Benchmark Brent crude futures fell 1.1 percent to $68.99 in European trade while WTI crude futures were down 0.9 percent at $67.52.
Traders booked some profits at higher levels as a new U.S.-China trade deal provided few concrete details.
Talks in London aimed at cooling tensions between the countries ended in a "deal", according to U.S. President Donald Trump. The Chinese side didn't disclose any progress, resulting in a fragile truce.
In another development, Trump has threatened that he would send letters to trading partners in the next week or two setting unilateral tariff...