Oil Prices Fall For Second Day On Weak Economic Data - Dollar Advisory | Best Commodity Tips Provider

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Tuesday 18 June 2019

Oil Prices Fall For Second Day On Weak Economic Data

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Oil prices were falling for a second day on Tuesday, after more signs that global economic growth is being hit by US-China trade tensions, although losses were limited amid tensions in the Middle East after tanker attacks last week. Brent crude futures were down 16 cents, or 0.3 per cent, at $60.78 a barrel by 0215 GMT. They fell 1.7 per cent in the previous session on concerns about slowing global growth. Oil prices have fallen around 20 per cent since 2019 highs reached in April, in part due to concerns about the US-China trade war and disappointing economic data.

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