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Oil hits multi-month lows as downbeat mood persists

Updated : December 21, 2018 10:04 PM IST

Brent crude fell $1.56 to a low of $52.79 a barrel, its weakest since September 2017, before rallying to trade around $53.35, down 11.5 percent on the week, by 1435 GMT.
US light crude oil was down 30 cents at $45.28, on course for a decline of 11.0 percent for the week.
Oil hits multi-month lows as downbeat mood persists

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