New Delhi, May 14 -- Global oil prices traded flat on Thursday morning ahead of the much-anticipated meeting between the US and Chinese presidents in Beijing.

At 7:40 am, the July contract of Brent on the Intercontinental Exchange was trading at $105.62, down 0.01% from its previous close, while the June contract of West Texas Intermediate on the NYMEX was 0.02% higher at $101.04 a barrel.

US President Donald Trump told reporters that trade talks would take precedence over the West Asia crisis during his discussions with Chinese President Xi Jinping.

However, a BBC report said that during the two-day visit, both the leaders are expected to discuss tariffs, competition over technology, the war in Iran, and the US' relationship with Taiw...