SINGAPORE -Oil prices fell in Asian trade on Tuesday, extending losses seen in the previous session, as weak economic data from China and expectations of a U.S. interest rate increase weigh on the market. Brent crude was down 0.3 percent, or 24 cents, to $79.07 a barrel by 0615 GMT, while U.S. West Texas Intermediate (WTI) crude fell 0.3 percent, or 25 cents, to $75.41 a barrel. Both benchmarks fell by more than $1 in their last session. 'The downside pressure on oil is that China's economic recovery is not really promising, clouding the demand outlook on fuel consumption,' said Tina Teng, an analyst at CMC Markets.

https://business.inquirer.net/398845/oil-slips-on-weak-china-demand-fears-u-s-rate-rise-forecast

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