Oil prices fall on demand concerns as G20 warns of risks to growth | Reuters

Oil prices fall on demand concerns as G20 warns of risks to growth | Reuters:

Oil prices fell on Monday amid increasing concerns about fuel demand after finance ministers and central bank governors from the G20 warned that global economic growth risks have increased amid rising trade and geopolitical tensions.

Brent crude LCOc1 dropped 9 cents, or 0.1 percent, to $72.98 a barrel by 0647 GMT. U.S. West Texas Intermediate (WTI) futures CLc1 declined 13 cents, or 0.2 percent, to $68.13 a barrel.

Finance ministers and central bank governors from the world’s 20 biggest economies ended a meeting in Buenos Aires over the weekend calling for more dialogue to prevent trade and geopolitical tensions from hurting growth.