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Oil prices edge down as global growth worries threaten demand

Updated : January 22, 2019 09:03 AM IST

The International Monetary Fund trimmed its global growth forecasts on Monday and a survey showed increasing pessimism among business chiefs, highlighting the challenges facing policymakers as they tackle an array of actual or potential crises, from the US-China trade war to Brexit.
International Brent crude oil futures were down 10 cents, or 0.2 percent, at $62.64 by 0106 GMT. They closed down 0.1 percent on Monday.
Clouding the outlook was data showing a slowdown in growth in China, the world’s second biggest economy.
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