Despite a slight recovery in oil prices on the last day of 2018, benchmarks are set for their first overall annual decline since 2015, Reuters reports , noting since the start of trading in Asia today, Brent crude and West Texas Intermediate had gained around 1 percent each. There seem to be too many uncertainties around oil for a stronger recovery, after prices began sliding in early October, after earlier this year rallying to above US$80 a barrel for Brent, albeit briefly. Concern about global economic growth and the next moves in the U.S.-China trade war are among the top factors at play. OPEC’s latest decision to begin cutting production from January is also a consideration, although the price trends from the past couple of months suggest the market was disappointed with the level of cuts. President Trump has indicated a deal with China may be in the works, […]