Oil extends losses after Trump’s comments douse trade talk optimism
SINGAPORE: Oil prices fell for a second day on Wednesday on worries about falling fuel demand after US President Donald Trump’s comments doused optimism over China-US trade talks and reignited concerns on global economic growth.
Brent crude futures fell 46 cents to $62.64 a barrel by 0104 GMT, while US West Texas Intermediate crude dropped to $56.89, down 40 cents.
Both prices have fallen to their lowest since before the attack on Saudi Arabian oil facilities on Sept. 14.
