Oil prices drop on signs global economy slowing amid trade disputes
Tokyo: Oil fell on Tuesday amid worries over the outlook for demand after the latest signs that international trade disputes have been dragging on the global economy, although the potential for conflicts in the Middle East offered support to prices.
Brent crude futures were down 21 cents, or 0.3 per cent, at USD 63.90 a barrel by 0343 GMT. They fell 12 cents on Monday.
US West Texas Intermediate crude futures were down 25 cents, or 0.4 per cent, at USD 57.41 a barrel. They rose 15 cents in the previous session.
