Oil falls as U.S.-Iran optimism faces U.S.-China trade deal hopes

NEW YORK (Reuters) - Oil prices edged lower on Monday on the outlook for increased supply of Iranian crude after France's president lifted hopes for a deal between Washington and Tehran, but losses were limited by growing hopes that the United States and China could make a deal to end their trade war. Brent crude lost 33 cents to $59.01 a barrel by 1:07 p.m. EDT (1707 GMT), after hitting a session high of $60.17.U.S. West Texas Intermediate (WTI) crude futures fell 23 cents to $53.94 a barrel,..