Oil falls for sixth day as China virus spreads

TOKYO: Oil futures slipped on Tuesday, extending losses into a sixth session as the spread of a new virus in China and other countries raised concerns about a hit to economic growth and slower oil demand.

Brent crude was down 15 cents, or 0.3 per cent, to $59.17 at around 0114 GMT, after touching a three-month low on Monday at $58.50.

US West Texas Intermediate was down 12 cents, or 0.2 per cent, at $53.02, after slipping to its lowest since early October in the previous session at $52.13.