Oil prices slip for second day on global growth fears | ZAWYA MENA Edition

Oil prices slip for second day on global growth fears | ZAWYA MENA Edition:

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, though losses were capped by Middle East tensions after last week's tanker attacks.

Brent crude LCOc1 futures were trading 42 cents down at $60.52 a barrel by 0932 GMT. U.S. West Texas Intermediate crude futures lost 26 cents to $51.67.

The New York Federal Reserve on Monday said that its gauge of business growth in New York state posted a record fall this month to its weakest level in more than 2-1/2 years, suggesting an abrupt contraction in regional activity.