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Oil prices extend falls as economic slowdown worries weigh on markets

The decline followed a slump in global financial markets on Tuesday as concerns over global growth spooked investors into looking for safe-haven assets like government bonds or gold

Reuters  |  Singapore 

Oil prices extended falls from the previous session on Wednesday, as concerns of an economic slowdown weighed on markets. US West Texas Intermediate (WTI) crude futures were at $52.74 per barrel at 0024 GMT, down 27 cents, or 0.5 per cent from their last settlement. International Brent crude oil futures had yet to trade. The decline followed a 2 per cent fall in crude oil futures and a slump in global financial markets on Tuesday as concerns over global growth spooked investors into looking for safe-haven assets like government bonds or gold. A global economic downturn ...

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First Published: Wed, January 23 2019. 06:06 IST
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