Oil prices fell further on Tuesday, after heavy losses in the previous session f...
LONDON - Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal despite signs of a truce last week.
The National Bureau of Statistics reported on Tuesday that China’s factory gate prices declined at the fastest pace in more than three years in September. “Concerns over the fallout of a negative outcome to these negotiations on the global economy and thus oil demand are running high.” On Monday U.S. President Trump imposed sanctions on Turkey and demanded the NATO ally stop a military incursion in northeast Syria that is rapidly reshaping the battlefield of the world’s deadliest ongoing war.
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