Oil prices extend losses as recession fears, inventories mount
Share:
TOKYO (Reuters) - Oil prices fell on Thursday to extend sharp overnight losses as U.S. crude inventories unexpectedly rose, fears of recession mounted and economic data out of China and Europe disappointed.Brent crude was down 39 cents, or 0.7%, at $59.09 a barrel by 0034 GMT, after falling 3% in the last session.U.S. crude was down 28 cents, or 0.5%, at $54.95 a barrel, having dropped 3.3% in the previous session. The combination of a slew of data suggesting a slowdown in global growth amid..