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Oil extends losses as economic headwinds weigh on demand outlook

Oil prices fell for a second day on Monday as economic headwinds pressured the global oil demand outlook and outweighed geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend. "This morning's subdued re-open speaks volumes about current sentiment in the crude oil market despite ongoing geopolitical tensions in Europe and the Middle East," IG analyst Tony Sycamore said. Prices barely budged despite an alleged Ukrainian drone attack at a huge Russian fuel export terminal. ....

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Oil down as economic headwinds weigh on demand outlook

SINGAPORE: Oil prices lost more ground on Monday as economic headwinds pressured the global oil demand outlook and offset geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend. ....

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