Oil extended losses on Monday as an emergency rate cut by the US Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus while a price war rages on between top producers.

Oil prices slide again on coronavirus fears, price war

Oil prices fell on Monday, but were holding near recent three-month highs amid expectations that the United States and China will soon agree on a trade deal, with President Donald Trump saying an agreement would be signed "very shortly".

Oil eases but supported by trade deal hopes

The US announced it was taking action at the World Trade Organization against Indian export subsidies

Global stocks mostly fall as trade worries take their toll

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