Oil drops 3% on weak global economic data, U.S. crude stocks build

By Laila Kearney NEW YORK (Reuters) - Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row. Brent crude settled at $59.48 a barrel, shedding $1.82, or 3%, losing some of the previous session's sharp gains after the United States moved to delay tariffs on some Chinese products

The post Oil drops 3% on weak global economic data, U.S. crude stocks build appeared first on Firstpost.