Oil extends losses as weak demand outlook lingers


OIL prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession.

Brent crude futures fell $1.21, or 1.3%, to $93.89 a barrel by 0635 GMT. WTI crude futures dipped 84 cents, or 0.9%, to $88.57 a barrel. The oil future benchmarks fell about 3% in their previous sessions.

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Oil prices , China , recession , WTI , Brent

   

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