Oil Slides Again as Economy Falters and Supplies Grow - Bloomberg:
Oil fell again as a deteriorating outlook for the global economy weighed on demand, while estimates of increased American crude stockpiles suggested that supplies remain abundant.
Futures fell as much as 2.2% in New York after declining the same amount on Monday. Investor confidence remained weak in Germany amid concern the nation has slipped into recession, while the ongoing struggle between the U.S. and China to hammer out even a limited trade deal prolonged fears their trade war will crimp growth. U.S. inventories rose by 3.1 million barrels last week, according to the median estimate in a Bloomberg survey before official data due on Thursday.
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