Mon, 24 Aug 2015 09:24:03 GMT
Oil extends losses on China market rout
Crude prices tumbled on Monday, following the massive sell-off in global financial markets, as the turmoil in Chinese equity markets reinforced the concerns over the global economic growth. The WTI futures slumped 2.65% to $39.38 per barrel, while Brent crude dropped below $45 for the first time in over seven years, trading 2.51% lower at $44.30 per barrel by 08:04