Contributed by NAMPA / AFP.
Oil prices extend losses in Asia after demand warning
Singapore, Nov 15, 2017 (AFP) - Oil prices tumbled more than one percent on Wednesday in ASia, extending the previous day's sharp falls after the International Energy Agency warned of weakening demand.
A recent rally had sent the commodity to two-year highs, fuelled by hopes producers will extend output cuts well into 2018 as well as escalating tensions between crude giants Saudi Arabia and Iran.
But the Paris-based IAE said in a monthl ...