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Concerns of a global economic slowdown weighed heavy in the international market as oil prices dropped on Tuesday. Benchmark Brent crude oil futures were traded 0.8% lower, at $62.26 per barrel. U.S. West Texas Intermediate (WTI) crude futures were dropped by 0.7%, priced at $53.44 per barrel. While China’s GDP rose by only 6.6%, South Korean economy growth rate lowered to 2.7% in 2018.