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Oil prices fell on Tuesday over global demand outlook amidst ongoing trade disputes, although the potential for conflicts in the Middle East. Brent crude futures dipped by 0.3% to $63.90 a barrel. US WTI crude futures dropped by 0.4% to $57.41 a barrel. The market has been facing demand pressure due to the U.S.-China trade war. Data released yesterday showed Japan’s core machinery orders dropping to the lowest in eight months.
