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Oil posts biggest one-day loss of the year to settle at 2-month low

Myra P. Saefong
Oil posts biggest one-day loss of the year to settle at 2-month low

Oil futures suffer their largest single-session loss of the year on Thursday, dropping to the lowest settlement in roughly two months as the potential for a lengthy U.S.-China trade standoff leads to a broad aversion to assets perceived as risky, knocking down global equities.