Wed, 2019-08-07 23:53
LONDON: Oil prices fell further on Wednesday, extending recent heavy losses as deepening US-China trade tensions weighed on the outlook for the global economy and energy demand.
Brent crude futures were down 70 cents, or 1.2 percent, at $58.26 a barrel in early afternoon trade in London, setting a fresh seven-month low. Prices have lost more than 20 percent since hitting their 2019 peak in April.
US West Texas Intermediate (WTI) crude futures were down 38 cents, or 0.7 percent, at $53.25.
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