Tokyo — Oil prices fell on Monday because of the increasing concern about fuel demand after finance ministers and central bank governors from the Group of 20 (G-20) warned that global economic growth risks have increased amid rising trade and geopolitical tension. Brent crude dropped 10 cents, or 0.1%, to $72.97 a barrel by 3.50am GMT. US West Texas Intermediate (WTI) futures declined 8c, or 0.1%, to $68.18 a barrel. Finance ministers and central bank governors ended the meeting of the G-20 largest economies in Buenos Aires at the weekend calling for more dialogue to prevent trade and geopolitical tensions from hurting growth. "Global economic growth remains robust and unemployment is at a decade low," the finance leaders said in a statement. "However, growth has been less synchronised recently, and downside risks over the short and medium term have increased." The talks occurred amid escalating rhetoric in the trade conflict between the US and China, the world’s largest economies, ...
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