Oil slumps 4% on slowing global demand fears

US crude stockpiles also rose unexpectedly for the second week in a row, highest since July 2017

Oil price: Brent crude futures fell $2.32, or 3.7%, to settle at $59.97 a barrel — Oil price: Brent crude futures fell $2.32, or 3.7%, to settle at $59.97 a barrelPhoto: REUTERS/SCANPIX

Reuters

Published 12 June 2019, 22:16Updated 12 June 2019, 22:16

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