Oil drops further as fears of global recession rise

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Oil prices dropped further on Monday as US President Donald Trump signalled he would push ahead with sweeping global tariffs despite plunging stock markets and rising fears of recession. 

Brent crude fell 2.5 per cent to $63.94 a barrel by early afternoon in London — a four-year low and a drop of 15 per cent over the past five days — in an indicator of deepening worries that the…