Oil in bear market as supply rises and demand growth slows | Reuters

Oil in bear market as supply rises and demand growth slows | Reuters:

Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand from of lower economic growth and trade disputes. 

Benchmark Brent LCOc1 crude oil fell to its lowest since early April, down more than 18 percent since reaching four-year highs at the beginning of October. Brent was 30 cents a barrel lower at $70.35 by 0850 GMT, down 3.5 percent for the week and more than 15 percent this quarter.

U.S. light crude oil dropped 40 cents to $60.27, set for a fifth weekly fall, down 4.5 percent this week and more than 21 percent since early October.