Oil falls amid stock markets rout

Source: WBP Online
© ScanPix/Reuters
Crude prices declined to four-month low on early Tuesday after stocks around the world dropped, following the tumble in Chinese equities. Meanwhile, the concerns of global oversupply still weight the oil market down, however a weaker Greenback helped to balance prices. WTI fell 0.3% to $47.24 a barrel, while Brent September futures went down by 0.6% to $53.13 a barrel.
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