Oil traded near its lowest closing level in 15 months in New York as fears over slowing global economic growth compounded concerns that markets face a supply glut in 2019. Futures were little changed in New York after tumbling 12 percent over the past three sessions, its biggest three-day slump since 2016. Fears over growth persisted as Chinese President Xi Jinping showed little sign of backing down in a trade dispute with the U.S. and the market braced for a Federal Reserve rate hike. Meanwhile, there are doubts over the effectiveness of output cuts pledged by the OPEC+ coalition at a time when American inventories ... (full story)