SINGAPORE: Oil prices extended losses in Asia Wednesday, with the US benchmark below $44 a barrel owing to a pick-up in the dollar and as Iran ramps up production, while traders await the release of inventories later in the day.

Crude closed lower for the third straight session Tuesday on renewed worries about a global supply glut as the United States and China released disappointing manufacturing data indicating ongoing weaknesses in the economic giants.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details