SINGAPORE: Oil prices slipped further in Asia on Tuesday, weighed down by a strengthening dollar as concerns about weakening demand in China added to expectations a global oversupply will last for years.
US benchmark West Texas Intermediate for September delivery was down 12 cents to $41.75 in afternoon trade. WTI has lost more than 30 percent in the past two months, bringing it to the lowest level since March 2009.
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