Brent crude futures fell 46 cents, or 0.8%, to settle at $58.96 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 47 cents, or 0.9%, to settle at $53.31 a barrel.
NEW YORK: Oil prices fell nearly 1% on Monday after comments from a U.S. official fed concerns surrounding the U.S.-China trade war, adding to worries that a slowing global economy would reduce demand for oil.
Brent crude futures fell 46 cents, or 0.8%, to settle at $58.96 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 47 cents, or 0.9%, to settle at $53.31 a barrel.
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