LONDON: Oil traded near its lowest closing level in 15 months as fears over slowing global economic growth compounded concerns that the market faces a supply glut in 2019.
Futures rose 0.8% in New York after tumbling 12% over the past three sessions, the biggest three-day slump since 2016. Chinese President Xi Jinping showed little sign of backing down in a trade dispute with the US and the market braced for a Federal Reserve rate hike.
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