Oil prices fall more than 1 percent amid global market rout

Oil prices fall more than 1 percent amid global market rout:

"Oil prices dropped by more than 1 percent on Tuesday, extending falls from the previous session as global financial markets tumbled lower in the wake of one of the biggest intra-day falls ever registered on Wall Street.

Brent crude futures were at $66.91 per barrel at 0530 GMT, down 71 cents, or 1.1 percent, from the previous close. That was more than $4 below their high-point for 2018, hit last month.

 U.S. West Texas Intermediate (WTI) crude futures were at $63.46 a barrel, down 69 cents, or 1.1 percent, from their last settlement and more than $3 off their 2018 high.

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