NEW YORK, July 28 (UPI) -- Crude oil prices moved closer to the low point for the year amid lingering fears about the health of the Chinese economy in an era of abundant supplies.
Brent crude oil prices fell 1 percent from the previous close to sell for $52.91, about 16 percent below the start of July. West Texas Intermediate, the U.S. benchmark, was relatively flat at $47.27, about 20 percent off from July 1.