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U.S. oil prices slide with global markets on economic concerns

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - U.S. oil prices slipped by 1 percent early on Wednesday, weighed down by a plunge in global stock markets amid concerns over an economic slowdown.U.S. West Texas Intermediate (WTI) crude futures were at $52.71 per barrel at 0057 GMT, down 54 cents, or 1 percent, from their last close.International Brent crude oil futures had yet to trade.The slide in U.S. oil followed a tumble in global stock markets on Tuesday, with investors worried about the threat of a widespread economic slowdown.Key to the global economic outlook will be whether the United ...

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First Published: Wed, December 05 2018. 06:39 IST