OIL PRICE: BELOW $59
REUTERS - Oil prices slipped further on Wednesday, extending recent heavy losses as deepening Sino-U.S. trade tensions weighed on the outlook for the global economy and energy demand.
Brent crude futures LCOc1 were down 11 cents, or nearly 2%, at 0823 GMT to set a fresh seven-month low. Prices have lost more than 20% since hitting their 2019 peak in April.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were flat at $53.63.
Brent prices have plunged more than 9% over the…
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