Oil dives after data raises worries about the global economy



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Decades have fallen Brut West American Texas Intermediate $ 1.16, or 2.1%, to settle at $ 53.94 per barrel. The session minimum was $ 52.84, the lowest since August 9th.

Ore contracts lost Brent 40 cents, or 0.7%, to close at 58.26 dollars and fell during trading at 57.23 dollars a barrel, also the lowest level since 9 August.

Prices continued their losses After The data The activity of US factories was contracted in August for the first time in three years.

Earlier, showed The data Separate manufacturing activity by shrinkage by zone Euro For the seventh month of August.

John Kildof, of Agen Capital in New York, said: "This deterioration continues to undermine growth prospects for demand Oil. "

Prices have dropped Oil About 20% since the peak of 2019 in April, affected byconcerns That the trade war undermines the demand for Oil.

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West Texas Intermediate (WTI) crude futures prices in the US dropped $ 1.16, or 2.1%, to $ 53.94 a barrel. The session minimum was $ 52.84, the lowest since August 9th.

Brent lost 40 cents, or 0.7%, to close at 58.26 dollars.

Prices continued their losses After The data The activity of US factories was contracted in August for the first time in three years.

Earlier, showed The data Separate manufacturing activity in the euro area contracted for the seventh month of August.

John Kildof, of Agen Capital in New York, said: "This deterioration continues to undermine growth prospects for demand Oil. "

Prices have dropped Oil About 20% since the peak of 2019 in April, affected byconcerns That the trade war undermines the demand for Oil.

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