Oil prices fall as key trade talks falter


Brent crude futures were down 82 cents, or 1.2%, to US$68.39 a barrel by 1:59 p.m. EDT. US West Texas Intermediate crude futures for August delivery fell US$1.05, or 1.6%, to US$66.15 per barrel.

NEW YORK: Oil prices fell on Tuesday for a third consecutive session, as hopes faded for a trade deal between the US and Europe, feeding fears of an economic slowdown in the world's largest oil markets.

Brent crude futures were down 82 cents, or 1.2%, to US$68.39 a barrel by 1:59 p.m. EDT. US West Texas Intermediate crude futures for August delivery, set to expire on Tuesday, fell US$1.05, or 1.6%, to US$66.15 per barrel.

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