(Bloomberg) — Oil extended losses after closing at the lowest level since June amid a worsening short-term demand outlook and a further deterioration in the relationship between the world’s two biggest economies.Futures in London traded near $42 a barrel after dropping 1.5% on Monday. Only four of 10 Asian refiners surveyed by Bloomberg said they would be trying to buy more Saudi Arabian crude after the kingdom cut pricing for October as consumption remained below pre-virus levels. The tepid response is a sign of the sluggish demand backdrop in the world’s biggest oil-consuming region.President Donald Trump said that he intends …read more
Source:: Yahoo Finance
