Oil keeps sliding as US ramps up tensions with China
Bigger-than-expected rise in stockpiles at the world’s top oil producer also depressed prices
09 October 2019 - 08:08
Singapore — Oil prices slipped for a third consecutive session on Wednesday as tensions escalated between the US and China before this week’s trade talks, raising uncertainties for global economic growth and oil demand.
US industry data showing a bigger-than-expected rise in stockpiles at the world’s top oil producer also depressed prices. Brent crude futures fell 24 cents, or 0.4%, to $58.00 a barrel by 6.42am, while US West Texas Intermediate crude was at $52.39, down 24 cents, or 0.5%...
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