Oil prices drop as China economic slowdown threatens to spread

FILE PHOTO: A pump jack operates in the Permian Basin oil production area near Wink, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo

SINGAPORE (Reuters) – Oil prices fell on Tuesday on signs that an economic slowdown in China, the world’s second-largest economy and oil consumer, was spreading, stoking concerns over future fuel demand. The gloomy economic news has pulled down financial markets across Asia, including crude oil futures. International Brent oil futures <LCOc1> were at $62.26 per […]

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