Oil extends losses as weak demand outlook lingers | Reuters
Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession.
Brent crude futures fell 73 cents, or 0.8%, to $94.37 a barrel by 0313 GMT. WTI crude futures dipped 44 cents, or 0.5%, to $88.97 a barrel.
Oil futures fell about 3% during the previous session.
China's central bank cut lending rates to revive demand as the economy slowed unexpectedly in July, with factory and retail activity squeezed by Beijing's zero-COVID policy and a property crisis. read more
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