Tuesday, 18 June 2019

Oil prices slip for second day on global growth worries - Reuters

Oil prices slip for second day on global growth worries - Reuters:

Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the U.S.-China trade war, although losses were limited by tensions in the Middle East after last week’s tanker attacks.

Brent crude futures were trading down 40 cents, or 0.7%, at $60.54 a barrel by 0701 GMT. They fell 1.7% in the previous session on concerns about slowing global growth.

U.S. West Texas Intermediate (WTI) crude futures were down 28 cents, or 0.5%, at $51.65. They dropped 1.1% on Monday.

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