Oil drops as recession risks mount with trade war tariffs - Reuters

Oil drops as recession risks mount with trade war tariffs - Reuters:

Oil prices fell on Monday, pushing U.S. crude to the lowest in more than two weeks, as an intensifying trade war between the U.S. and China undermined confidence in global economic growth.

Brent crude was down 52 cents, or 0.9%, at $58.82 a barrel by 0645 GMT, having earlier touched $58.24, the lowest since Aug. 15.

U.S. oil was down 62 cents, or 1.1%, at $53.55 a barrel, having earlier fallen to $52.96, the lowest since Aug. 9.