Oil prices down nearly 2 per cent as trade war shakes confidence

Oil prices down nearly 2 per cent as trade war shakes confidence

Oil prices fell on Monday, pushing U.S. crude to its lowest in more than two weeks, as a ratcheting up of tensions in the U.S.-China war knocked confidence in the global economy. Brent crude was down 89 cents, or 1.5%, at $58.45 a barrel by 0044 GMT, having earlier touched $58.24, the lowest since Aug. 15.