Crude oil prices extended lower during Tuesday’s APAC mid-day session, marking a four-day decline of 2.90%. Lingering viral concerns and poorer-than-expected US and Chinese data dampened the prospects of global energy demand, pulling oil prices down from July’s peak. US consumer sentiment unexpectedly plunged to a decade low of 70.2 in early August, showing that the stimulus-led economic recovery is losing some steam.
