The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
* U.S.-China trade war risks economic slowdown
* Credit risk aversion could result in lower investment- analysts
* But oil supply remains relatively tight amid disruptions (Adds comment, bullet points, updates prices)
SINGAPORE, May 29 (Reuters) - Oil prices fell on Wednesday on concerns the Sino-U.S. trade war could trigger a global economic downturn, but relatively tight supply amid OPEC output cuts and political tensions in the Middle East offered some support.
Front-month Brent crude futures, the international benchmark for oil prices, were at $69.60 a barrel at 0332 GMT, down 51 cents, or 0.7%, from the last session's close.
U.S. West Texas Intermediate (WTI) crude futures were at $58.50 per barrel, down 64 cents, or 1.1%, from their last settlement.
"Crude oil was weak ... primarily as the bears on demand are winning compared to the bulls on supply," James Mick, managing director and energy portfolio manager with U.S. investment firm Tortoise, said in an investor podcast.
"Investors are concerned from a macro perspective about worldwide demand, particularly in the face of the growing trade dispute between the U.S. and China," he said.
Fawad Razaqzada, analyst at futures brokerage Forex.com, said another concern was that "falls in emerging market currencies (are) making dollar-priced crude oil dearer to purchase in those nations" and that crude prices could fall back.
Despite the economic concerns, global oil demand is so far holding up well, likely averaging over 100 million barrels per day (bpd) this year for the first time, according to data from the U.S. Energy Information Administration (EIA).
But analysts are concerned that tightening credit amid the economic slowdown will hamper trading in commodities.
"We remain cautious regarding the short-term macroeconomic environment," commodity brokerage Marex Spectron said in a note.
"Credit availability on the physical commodity markets is of particular concern."
Eastport, a Singapore-based tanker brokerage, had similar concerns.
"An increase in caution and risk aversion could weigh on economic growth," it said in a note on Wednesday.
Despite these concerns dragging on oil markets, crude prices remain relatively tight.
"Supply risks remain at elevated levels with continued geopolitical uncertainty in the Middle East, as well as Venezuela's well-known struggles," said Tortoise's Mick.
Adding to this are ongoing supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) since the start of the year to prop up the market.
OPEC and some allies including Russia are due to meet in late June or early July to discuss output policy going forward. (Reporting by Henning Gloystein; Editing by Joseph Radford and Christian Schmollinger)