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 US interest rate increase weigh on the market.
Brent crude was down 0.3%, or 24 cents, to $79.07 a barrel, while US West Texas Intermediate (WTI) crude fell 0.3%, or 25 cents, to $75.41 a barrel.
Both benchmarks fell by more than $1 in their last session.
The US Federal Reserve is expected to increase interest rates by another 25 basis points. Interest rate increases by inflation-fighting central banks could impact oil by slowing economic growth and denting energy demand.
Source: Qatar News Agency