Oil falls, Brent posts biggest quarterly drop this year on demand fears - Reuters

Oil falls, Brent posts biggest quarterly drop this year on demand fears - Reuters:

Oil prices fell on Monday on fading concerns of supply shortfalls and conflicts in the Middle East after the Sept. 14 attack on Saudi Arabia, but global benchmark Brent posted its biggest quarterly loss this year on demand fears due to the escalating U.S.-China trade war.

Brent crude LCOc1 futures settled at $60.78, down $1.13, or 1.8%. U.S. West Texas Intermediate (WTI) crude CLc1 futures, the U.S. benchmark, fell $1.84, or 3.3%, to $54.07.

Brent gained 0.6% while WTI fell 1.9% in September after volatile month where prices spike nearly 20% after the attacks halved Saudi Arabia’s output, but have pared nearly all those gains as output has been quickly restored.