Oil prices fell for second day in as US crude production rose to a record and US signing off the Hong Kong Bill. This has the potential to complicate the trade talks with China.

Futures decline by 0.6 and 0.5 percent on consecutive days. Defying expectation of analysts, the crude oil production of US reached 12.9 million barrels a day, according to the Energy Information Administration.

We have to wait and see the impact of the above on trade talks between US and China.