Oil prices fall as trade war concerns hit demand outlook

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Tue, 2019-08-06 03:29

LONDON: Oil prices fell on Monday on global growth concerns after US President Donald Trump threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers. Brent crude futures were down 71 cents, or 1.15 percent, to $61.18 per barrel by 1050 GMT.
US West Texas Intermediate (WTI) crude futures were down 56 cents, or 1.01 percent, to $55.10 a barrel.

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