Global gloom clouds oil market
Traders peg hopes for a rebound on progress in talks this week on ending the US-China trade war
07 October 2019 - 07:52
Singapore — Oil prices fell on Monday, extending last week’s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth while pegging hopes for a rebound on progress in talks this week on ending the US-China trade war.
Brent crude futures edged down 28 cents to $58.09 a barrel by 5am, while US West Texas Intermediate (WTI) crude was at $52.64, down 17 cents...
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