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Oil drops on weak global economy concerns

Drop in China's exports has re-ignited worries over possible global economic slowdown

Oil price: Brent crude futures lost $1.49, or 2.5%, to settle at $58.99 a barrel
Oil price: Brent crude futures lost $1.49, or 2.5%, to settle at $58.99 a barrel
  • Reuters
US West Texas IntermediateOpecAmericasNorth America
Published 14 January 2019, 23:43Updated 14 January 2019, 23:43