Oil prices fall 1% as economic worries outweigh tanker tensions - Reuters

Oil prices fall 1% as economic worries outweigh tanker tensions - Reuters:

Oil prices slipped more than 1% on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears stoked by attacks on oil tankers in the Gulf of Oman last week.

Brent futures were down 68 cents, or 1.1%, to $61.33 a barrel at 1140 GMT, having gained 1.1% on Friday.

U.S. West Texas Intermediate (WTI) crude futures were down 58 cents, or 1.1%, at $51.93, having firmed by 0.4% in the previous session.