Oil was mixed on Tuesday as tensions in the Gulf appeared to stop short of a military showdown and both sides in the U.S.-China trade talks sounded conciliatory notes, signaling that a breakdown might be avoided.  Brent crude futures were at $70.40 a barrel at 0755 GMT, up 38 cents or 0.24 percent. Brent ended the previous session down 0.6 percent. U.S. West Texas Intermediate (WTI) crude futures were at $60.92 per barrel, down 12 cents or 0.2 percent. WTI closed down 1 percent on Monday. The negotiations between the United States and China appeared headed towards success last week but have largely unraveled over U.S. accusations that Beijing sought vast, last-minute changes. China on Monday ignored a warning from U.S. President Donald Trump […]