Commodities Oil falls as US adds new rigs, China weakness rattles market Updated : January 29, 2019 06:27 AM IST Further weighing on oil markets, the trade dispute between the United States and China looks unlikely to end anytime soon and its impact on the Chinese economy is increasing. Brent crude oil futures were down $1.05 at $60.59 a barrel by 1300 GMT, while US futures were down $1.02 at $52.67 a barrel. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.