Oil prices slipped for a second straight session, with WTI crude falling to around $61.4 per barrel and MCX crude May futures dropping ₹30 to ₹5251. Uncertainty over U.S.-China trade talks weighed heavily on market sentiment after Treasury Secretary Scott Bessent said it is 'up to China' to ease tensions, leaving formal negotiations unclear. Adding to the bearish mood, some OPEC+ members are expected to propose faster output hikes at their May 5 meeting, potentially extending production increases into a second month.
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